Future of the Middle Class: Will Your Kids Fall Out?
Tamaranorbust is an academic and writer of Histories of Things To Come. Check out her post Gen Y: The Anonymous Generation. If you’re a parent you should definitely pay attention to this one. It was this quote by Erin Currier, project manager at Pew’s Economic Mobility Project, that especially put me on my heels:
“Being raised in the middle class is not a guarantee that you’ll have that same status as an adult. With all the economic turmoil in the past four years, there’s good reason to think that downward mobility is more severe.”
She goes on to write about new internet, control of a new order (the rising Cyberorder), and a new generation of cyber freedom fighters.
This is heavy stuff, folks, but none so heavy as the notion that the future of the middle class is so tenuous; that my precious son and my precious daughters might fall out of it. According to a report on CNN, nearly one-third of Americans who were raised in the middle class dropped down the economic ladder as adults BEFORE the Great Recession hit in September 2008.
Do you worry about the future of the middle class?