Middle class squeeze
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The middle class squeeze is the situation where increases in wages fail to keep up with inflation for middle income earners, while at the same time, the phenomenon fails to have a similar impact on the top wage earners. Persons belonging to the middle class find that inflation in consumer goods and the housing market prevent them from maintaining a middle class lifestyle, making downward mobility a threat to counteract aspirations of upward mobility. In the United States for example, middle class income is declining while many staple products are increasing in price, such as energy, education,…mehr

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Produktbeschreibung
The middle class squeeze is the situation where increases in wages fail to keep up with inflation for middle income earners, while at the same time, the phenomenon fails to have a similar impact on the top wage earners. Persons belonging to the middle class find that inflation in consumer goods and the housing market prevent them from maintaining a middle class lifestyle, making downward mobility a threat to counteract aspirations of upward mobility. In the United States for example, middle class income is declining while many staple products are increasing in price, such as energy, education, housing, and insurance. One group summarizes the middle class squeeze in this way Being middle class used to mean having a reliable job with fair pay access to health care a safe and stable home the opportunity to provide a good education for one s children, including a college education time off work for vacations and major life events and the security of looking forward to a dignified retirement. But today this standard of living is increasingly precarious