Latest / The Missing Middle Podcast
The Three Types of Middle Class
Politicians, policy makers, and journalists all talk about the middle class and how well they are doing economically speaking. Middle-class voters make up the bulk of the voting population so it makes political sense to court them. But what exactly does middle class mean today? Who is considered middle class and what makes them middle class?In this 23-minute discussion, Smart Prosperity Institute economist Mike Moffatt and journalist Cara Stern discuss three buckets of economic citizens: renters, homeowners with no mortgage, and homeowners with large mortgages - and how different their…
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