Are we middle class?
I can remember when I was in college, one of my favorite courses was sociology. I found that topic very fascinating, so I learned a lot. One of the things that the professor taught the class, was the “official” definition of what “upper,” “middle” and “lower” classes were. According to the definition we were taught in class, the “upper class” were people who had really “old” money – many generations of wealth, going back as far as the Mayflower or longer. The “middle” class were the “new” money people like the Kennedys and the Bushes and most of our political leaders. These people have had tons of money for several generations.
Those of us who are “self made” wealthy, well, we’re just “upper-lower class” according to that principle. And, to be politically correct, we no longer call the “lower” class by the term “lower.” To be politically correct, we call the “lower” class the “working class.”
So it was with much surprise that I read an article on the Internet today at Investopedia that suggests that what I was taught as “working class” is in fact, in many cases, considered to be “middle class.” Are you as confused as I am?