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

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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

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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

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