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Old Yesterday, 11:42 AM
 
4,810 posts, read 12,013,559 times
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Quote:
Originally Posted by notch on my belt View Post
If things are so great today economically, why is there an uptick this year in the media stories about middle-class struggles?

To answer my own question I think that it is due to easy credit. People have access to so many things and experiences in our economy and they want to bite the apple and will go into debt to get that golden apple. They feel they deserve that long weekend in a fancy Las Vegas casino hotel with their friends and the $100 show. 30 years ago before easy credit, most people never even thought of doing something they could not afford because they were broke and had no credit cards.
30 years ago credit and credit cards were just as easy as today.
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Old Yesterday, 12:27 PM
 
7,115 posts, read 9,390,794 times
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I think the definition of "middle class" has changed a great deal so it's like comparing apples to oranges. Nobody in the 1970s could possibly afford a place with a separate wall-sized color TV, a separate bedroom, a separate phone line for everyone above the age of 13 AND a separate car for every adult. I was solidly middle-class in that decade and we had 1 TV for the whole house, 1 car, 1 telephone, and I shared a room with my sister until my brother moved into the garage. And there was no such thing as paying for TV channels until I was nearly out of high school. Even answering machines and window air conditioners were considered excesses of the very rich. Now you have to have all of that AND a speedboat AND 11 bedrooms with full baths AND all kinds of craziness to be considered moderately well-off.


The fact remains that people are always slogging to get ahead. Nothing they have is ever really enough.
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Old Yesterday, 12:35 PM
 
6,901 posts, read 1,461,416 times
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Quote:
Originally Posted by Cliffie View Post
I think the definition of "middle class" has changed a great deal so it's like comparing apples to oranges. Nobody in the 1970s could possibly afford a place with a separate wall-sized color TV, a separate bedroom, a separate phone line for everyone above the age of 13 AND a separate car for every adult. I was solidly middle-class in that decade and we had 1 TV for the whole house, 1 car, 1 telephone, and I shared a room with my sister until my brother moved into the garage. And there was no such thing as paying for TV channels until I was nearly out of high school. Even answering machines and window air conditioners were considered excesses of the very rich. Now you have to have all of that AND a speedboat AND 11 bedrooms with full baths AND all kinds of craziness to be considered moderately well-off.


The fact remains that people are always slogging to get ahead. Nothing they have is ever really enough.
I don't think those things are everyone's definition of middle class, and certainly not mine! (Although we are seniors, we still both work, and our total household income is above $100k, so we are certainly not poor, btw.) We have one car and one TV, though, and we have never owned a home above median value for our area or a boat or a Smartphone.

However, that does raise an interesting question: What things would you (the general you) consider essential to be considered middle class? (Would make an interesting thread, I think.)
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Old Yesterday, 12:48 PM
 
11,258 posts, read 8,644,396 times
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Quote:
Originally Posted by Dd714 View Post
Also, I mean, the media isn't going to do a news story on how the middle class is doing great are they. That doesn't sell news or generate clicks for web stories. People don't really care about good news, they want to read about bad news. There is also an obvious political bias and "good economic news" doesn't fit their agenda.
Wait. Folks can't be double minded.

Read these forums and the middle are struggling to find jobs, deal with stagnant wages, and can't buy homes. Is that real or not?

Don't let your bias against media cloud the truth.
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Old Yesterday, 01:06 PM
 
769 posts, read 496,932 times
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There has never been a better time then now for the middle class. We have computers in our pockets. There is no draft. There are no race riots. Any information we want is at our finger tips. If you have an idea, you can literally research it, make it, and advertise it to millions around the globe. We do not die from simple things like tooth decay or polio any longer. We have access to transportation and can be on another continent with a quick plane ride. We have access to so much education that other generations could only ever dream of. More then ever people have access to warm/cool houses. Better resources for building materials. Interest rates are record lows. Social media to communicate with family around the country. I know where my children are via their cell phones,. Many places to eat for every range of income. Crime and rape is lower now then it was in the 70's and 80's. Unemployment is at a record levels. 95% of this country is working or doing at least something. Charitable giving is at an all time high. We have some of the best IRA and stock returns for those of us with 401k's then nearly any other time. Healthcare is fantastic. Always amazed at the advancements in health care these days. The toughest problem nearly all of us have for clothing is what to wear from the closet. Gone are the days where mom would have to sew our cloths back together to make them last. Cloths are cheap enough to just buy again. Nearly everyone in the country has so much stuff that their garages are stuffed. Storage units are exploding around the country because people have so much stuff. We can have stuff delivered to our doors within 2 hours! Could not have imagined that just 5 years ago. The air is cleaner as we use more solar and nuclear power (I remember the days of coal and steel in Pittsburgh...it would choke you). The national park service is amazing. Billions are spent on vacations and that ain't just the super rich doing that. Just try and book a house on the OBX, of North Carolina. 3D printing!! People bought 5.34 million homes last year average price of $300,000. So no it's not true that "no can afford homes anymore".

What a time to be alive! There has never been a better time to be alive then now. Regardless what the media says. When times are good, they go broke. They have to do everything in their power to ensure things aren't good to stay relevant. Oh sure some ninny will come along and pick the thorns out from the roses, but those types can't be helped.

Last edited by 2Loud; Yesterday at 01:19 PM..
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Old Yesterday, 01:38 PM
 
11,258 posts, read 8,644,396 times
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So instead of having a real conversation, we're going to turn this thread into a diatribe against the media?

No one in America is feeling economic pain? We all know that's not true.
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Old Yesterday, 01:42 PM
 
12,423 posts, read 18,512,844 times
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Quote:
Originally Posted by charlygal View Post
Wait. Folks can't be double minded.

Read these forums and the middle are struggling to find jobs, deal with stagnant wages, and can't buy homes. Is that real or not?

Don't let your bias against media cloud the truth.
There is no bias, just common sense. You've heard of the saying "if it bleeds, it leads". But also the same rule applies to the internet as applies to the media, probably even more so - people don't create threads saying "everything is going fine".

Why did you create two posts on essentially the same topic by the way (#14 and #16)? Kind of strange. The commonality in this thread seems to be 1.) America middle class have a better standard of living now then in the past, and 2.) Middle class has always struggled. Now the same as the past.

Last edited by Dd714; Yesterday at 01:58 PM..
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Old Yesterday, 01:48 PM
 
769 posts, read 496,932 times
Reputation: 2019
Quote:
Originally Posted by charlygal View Post
So instead of having a real conversation, we're going to turn this thread into a diatribe against the media?

No one in America is feeling economic pain? We all know that's not true.
Yeah, that's what I said... no one has any pain or hardship anywhere. Not one soul. Well done...
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Old Yesterday, 02:05 PM
 
Location: Boston
8,190 posts, read 2,379,040 times
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there has never been a time in America where your opportunities for success are better, for those willing to work.
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Old Yesterday, 02:06 PM
 
842 posts, read 185,472 times
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Quote:
Originally Posted by skeddy View Post
there has never been a time in America where your opportunities for success are better, for those willing to work.
As Chick Hearn would have said "Slaaaaaaaaaaaaaaaam Dunk!"
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