9/26/17 – Middle Class
The middle class is back. According to the people.
Here’s what’s happening behind the headlines.
For years, Gallup has polled Americans asking if they’re upper, upper-middle, middle, working, or lower class. The public grades their own financial status. For the longest time, 6 in 10 Americans identified themselves as either upper-middle or middle class. About a third as working or lower class.
Then came the 2008 recession.
The percentage of people who considered themselves as working or lower class began climbing in 2009. It peaked at nearly one of every two Americans.
Washington bureaucrats said the recession ended in June 2009. Someone forgot to tell the public. There was a record number of people not working for one reason or another. Families on food stamps hit record levels.
In July’s Gallup poll, 62% Americans now see themselves as upper-middle or middle class.