The Middle Class In North America Is Eroding At An Alarming Rate,some People Think It's Because Alot Of The,details...

[rendell60]

Middle class are making the jump to upper class,what are your thoughts on this??

[Kannon]

Generally speaking, I believe it's more that falling income is eroding the middle economic class.   BosM 26 months ago

[Darrin]

Is that what's happening in Canada? I personally don't know of too many people making that leap here.   Poppet! 26 months ago

[Arlo]

I was once middle class. I'm not going to bitch and moan, though. I still find happiness within my home(under water) and my friends. A peaceful suffering, of sorts. Just 1 more for the books.   fenjo 26 months ago

[Walker]

Are they moving up or down?   Rock 26 months ago

[Manning]

Some are, but there are many more dropping in economic status than gaining. The upper echelon wants to keep that club private.   BosM 26 months ago

[Bachur]

if that was the case, then the upper class would be getting larger, instead of just richer.   TheLightWorks 26 months ago

[Brickman]

I doubt very much that the trend for middle class people is to move up. This isn't the picture presented to me by those I once thought ensconced solidly in the middle. The truth is that with the collapse of the housing market, the net worth of any one owning or buying a home took a pounding. When you add this fact to the high unemployment rate, it's difficult to understand how anyone can argue that things are improving for the middle class.   stanleybmanly 26 months ago

[CuUladh]

There might be some making the "jump". In some areas the economy isn't as hard hit. In Washington, DC, for instance--you'd never know there was an economic problem there. Bars and restaurants are booming, and stores are filled with customers. North Dakota is doing really well right now, and can't find enough people to hire--business is booming there, also. So "our conservative friend" could be right in some aspects. But in general, we don't see this trend overall.   Poppet! 26 months ago

[akule76]

There is higher risk of that. I guess it all depends on what you call "middle class"."What researchers identify as middle class is actually about the middle 60%, from roughly $20,000 to $100,000 a household. Worldwide, the U.S. median income(half earn more, half earn less) ranked fourth behind Luxembourg, the Netherlands and Switzerland, according to data from the middle of this decade. In 2008, the U.S. median household income was $50,303.In a study by the Organisation for Economic Co-operation and Development, or OECD, the U.S. had the third-highest percentage of people living in poverty among the world's 28 leading nations, after Mexico and Turkey. Translation: If you're middle class in America, you're at greater risk of dropping out of the middle class. In no other developed country does the poverty threshold(currently $22,025 for a family of four) brush so close to the very center of the middle class ...""In the U.S., twice as many of the missing had slipped down as had climbed up."   BosM 26 months ago http://articles.moneycentral.msn.com/CollegeAndFamily/RaiseKids/who-in-the-world-is-middle-class.aspx?page=1