What We Talk About When We Talk About the Middle Class

The definition of what makes someone middle class needs a reboot.

Where the salarymen (and women) are.

Photographer: Noriyuki Aida/Bloomberg

Once again, political discussion has shifted to the travails of the American middle class. This will happen every once in a while, for two reasons. Since the distribution of income is roughly bell-shaped, the middle of the distribution is where you will find the most votes. Second, a plurality of Americans still consider themselves “middle class,” so that’s a big interest group.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.