There Really Is No Middle Class Any Longer

There Really Is No Middle Class Any Longer
Customers browsing products at "Mr Vitamins," a chain of supplement outlets in Sydney, Australia, on Feb. 16, 2016. Saeed Khan/AFP via Getty Images
Lance Roberts
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Commentary 

There was a time when a large portion of Americans belonged to the “middle class.” It meant you could afford a decent living standard, such as owning a house and a car and had savings in the bank. When “baby boomers” reminisce about the “good ole days,” they are referring to when being middle-class was normal.

Lance Roberts
Lance Roberts
Author
Lance Roberts is the chief investment strategist for RIA Advisors and lead editor of the Real Investment Report, a weekly subscriber-based newsletter that covers economic, political, and market topics as they relate to your money and life. He also hosts The Real Investment Show podcast, and his opinions are frequently sought after by major media sources. His insights and commentary on trends affecting the financial markets earned him a spot in the 2020 Refinitiv Global Social Media 100 influencers list.
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