Who Are the Middle Class?

March 14 22:29 2011 Print This Article

Globalism is a recent phenomenon which, mostly because of its deteriortive affects on the American middle class, has become a steady topic of conversation. However, most armchair economists spend little time dissecting the tangible and non-tangible qualitative aspects of this socioeconomic distinction.  In his most recent blog post at Future Capital Kenya, Samora dissects the “engines of growth” both here in America and in Kenya. A snippet;

“The issue of the “middle class” is an elusive concept and at best most definitions given are nebulous. In the U.S.A, the statistical agents describe the middle class very clinically, simply they are the ones in the middle range of income distributions. Therefore as of now, the American middle class consists of people earning roughly between $20,000 and $70,000 per annum. Mind you, these incomes would be for the “landed gentry” in Kenya. However, in Europe especially France and the United Kingdom, the term “middle class” takes on increasing complexity. Issues such as “aspiration, virtues and attitudes” come into play.” CLICK HERE TO READ FULL POST

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Felice Cito
Felice Cito

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Paula Treat
Paula Treat

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