I think that is is an interesting take on how middle class might no longer be a luxury middle class. Considering most Americans grow up with materialistic views and how they measure success it will be hard for them to adjust if they are in the middle class. Life might change for the better, where it's about how well your personal life is and luxuries are no longer a need. Living without luxuries is easy when you have roommates like Roy and Shane.
This article presented a very interesting viewpoint about the middle-class and how it is being restructured. The three waves of structural change are great indicators of how we are slowly but surely changing the meaning of middle-class lifestyles. As Jared mentioned, the luxuries that were once afforded to the middle-class population will begin to diminish and eventually disappear.
If those luxuries are gone are they still the middle-class? I have always considered that middle-class to be people who are financially comfortable, but not super rich. This includes having some luxuries. Is it possible that instead of aspects of the class disappear, the entire class disappears itself?
The middle class is the most important class in our financial success as a nation. If the middle class i not doing well then the economy will no doubt suffer.
I think that is is an interesting take on how middle class might no longer be a luxury middle class. Considering most Americans grow up with materialistic views and how they measure success it will be hard for them to adjust if they are in the middle class. Life might change for the better, where it's about how well your personal life is and luxuries are no longer a need. Living without luxuries is easy when you have roommates like Roy and Shane.
ReplyDeleteAw Jared you are the best
ReplyDeleteThis article presented a very interesting viewpoint about the middle-class and how it is being restructured. The three waves of structural change are great indicators of how we are slowly but surely changing the meaning of middle-class lifestyles. As Jared mentioned, the luxuries that were once afforded to the middle-class population will begin to diminish and eventually disappear.
ReplyDeleteIf those luxuries are gone are they still the middle-class? I have always considered that middle-class to be people who are financially comfortable, but not super rich. This includes having some luxuries. Is it possible that instead of aspects of the class disappear, the entire class disappears itself?
ReplyDeleteThe middle class is the most important class in our financial success as a nation. If the middle class i not doing well then the economy will no doubt suffer.
ReplyDelete