What's left of the middle class is sort of becoming a "lower rich" class. While this is somewhat anecdotal, what I see emerging is a kind of banded stratification: a tiny "superclass" holding a majority (>50%) of all wealth, a "lower rich" class, a very small working middle, a vast working poor, and a vast class of unemployable welfare recipients.
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What's left of the middle class is sort of becoming a "lower rich" class. While this is somewhat anecdotal, what I see emerging is a kind of banded stratification: a tiny "superclass" holding a majority (>50%) of all wealth, a "lower rich" class, a very small working middle, a vast working poor, and a vast class of unemployable welfare recipients.