What Do You Mean, "Middle Class?"
"Middle class" is a common term on the campaign trail. So what is it?
During the countless speeches at the national conventions, there’s group that you will hear about over and over again: the middle class.
But how big is the middle class? In February, Mitt Romney drew fire for comments he made on CNN.
“I'm in this race because I care about Americans. I'm not concerned about the very poor. We have a safety net there. If it needs repair, I'll fix it. I'm not concerned about the very rich, they're doing just fine. I'm concerned about the very heart of the America, the 90 percent, 95 percent of Americans who right now are struggling and I’ll continue to take that message across the nation.”
That may be a bit broad - but what Mitt Romney seems to be saying is that most Americans are middle class. But does that definition hold?
Today, we’ll try to figure out just what the middle class is. Are you middle class? Do you admit that you’re not in the middle class? We’ll talk with someone behind the recent Pew study that found the last ten years was a lost decade for the middle class.