, 8 tweets, 3 min read Read on Twitter
All of these takes on Schultz as some kind of viable candidate (he isn't) posit a large "middle class" that's economically secure and afraid of policies from the left which could be disruptive. My Q: What middle class? washingtonpost.com/opinions/could…
We know the middle class is shrinking. Incomes haven't kept up with expenses, particularly in health care and education costs. fortune.com/longform/shrin…
Only 39% of households could absorb even a $1000 unexpected expense without accruing debt. I'd think any definition of middle class would have to meet at least this threshold. cnbc.com/2018/01/18/few…
Almost 40% of households have revolving credit card debt. 70% of college graduates have student loan debt at the time of graduation. Are these people a secure and stable middle class? thebalance.com/2018-student-l…
Post-Boomer generations have barely saved for retirement, and are well behind older generations at the same age. Tell me how secure these folks are feeling? fortune.com/longform/shrin…
There is a growing percentage of ALICE (Asset-Limited Income-Constrained Employed) households. These people are doing middle-class things that don't add up to being able to afford a middle class lifestyle. prophecynewswatch.com/article.cfm?re…
The notion that a broad middle class fears change and therefor Schultz will be appealing is un-evidenced. I think it's more likely that people who feel like they should be middle class but are still struggling will find many of the Democratic proposals highly appealing.
Where's my Washington Post column?
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