Eli5: why do people use the term Middle class instead of Working class?

711 views

Isn’t middle simply confusing?

Are we not working folks and wealthy-ruling folks that generate wealth via assets?

Edit: thank you all who’ve helped me gain a better understand of the concept from many different angles

In: 0

17 Answers

Anonymous 0 Comments

no one likes to feel poor. were all wage slaves. I think middle class these days actually refers to people with net worth of $1m plus, own their own home, have some supplemental income from investments, could take a 3 year hiatus from work no problem. But dont quite have enough money to really invest in capital and become a full on capitalist pulling in $1m+ a year in capital gains

You are viewing 1 out of 17 answers, click here to view all answers.