Re:TV’s Dwindling Middle Class
by harryh on Tuesday May 03, 2016 @08:15AM
(#11619846)
That's mostly because expectations for what it takes to be middle class have gone up. Houses are bigger (much bigger). People have more cars. People expect to eat out more and have more entertainment options.
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It's also because the job market has changed. I can no longer get a job for life like my grandfather did and have a fully paid off house and car in my 20s.
The permanence of employment has changed yes. But not, in general, the amount of money you can make. If you feel like you can't buy things your grandfather could it's probably because they aren't the same things and because you're spending money on things he never did.
See what I said about houses being much bigger today than they used to be.