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Jim IB Headshot

Inside Views - September 2015
What is the middle class and why is it yawning?




No matter the candidate, all you hear is bad news for the middle class. They're disappearing. They aren't getting a fair shake. The deck is stacked against them. The middle class cannot survive.


One would think with all this hysterical rhetoric the middle class would be out on the streets protesting to save their privileged way of life. But they're not. The reason is that most people just don't see their life as that bad off.


Part of the problem is no one knows for sure what constitutes the middle class, although there is actually a pretty standard definition. Economists have this tendency to divide the economy into fifths, or quintiles, each containing 20 percent of the country's households based on income.


Read the rest of Jim's column here!