Some Common Cents for March 1 2013

March 11, 2013, by Lindsey Owens Krausen

Alas, the poor American middle class, I knew him Horatio. Just what is the proverbial middle class? Statisticians like to assign dollar amounts to define just who fits into this august category. Individuals almost always classify themselves as some measure of “middle class,” regardless of household income. That is why we have the phrases “upper middle class” and “lower middle class.” But do you want to know the real definition? One which isn’t as arbitrary...

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