man from the 1920s

Who’s the working class?

While searching for descriptions of modern day working class life, I came across the following tidbits.

From the website The Street, in an article written by Eric Reed

“They make more than the poverty line, and may even technically make enough to be considered middle class by income, but they still live paycheck to paycheck

The financial working class today describes having a job but feeling poor, or making enough to get by but without much of a safety net or many extras. This is not a description of poverty or unemployment, but neither is it a description of comfort.

Working class used to be about the kind of job you had. Today, it’s more a description of economic uncertainty. People in the working class work and know that they will likely have to keep working to remain afloat. For many in this category, retirement prospects are less than ideal, as making enough money to save while paying bills is difficult. That’s what economists mean by working class, and that’s the difference.”

And there’s this bit of information from Bankrate, written by Jason Steele and Edited by Claire Dickey

“63% of U.S. consumers lived paycheck to paycheck in November 2022

One-third of U.S. consumers say they aren’t currently saving any money and, of this group, 60% don’t have savings

57% of Americans don’t have enough in savings to cover a $1,000 emergency expense”

I’ll let you work it out.

Image by Lee Murry from Pixabay

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