Showing posts with label Geographic Arbitrage.. Show all posts
Showing posts with label Geographic Arbitrage.. Show all posts

Monday, October 10, 2016

The Middle Class & Income by Location

Sad Cayenne doesn't think she's in the middle class.
As we're in an election year, the two major party candidates are talking about how we need to improve things for the middle class. It makes sense. There's a great deal of mythology about the middle class in America, and it's a deep well for politicians to draw from. It doesn't hurt that we still don't have a consistent definition of what it even means to be middle class, despite the efforts of this little blog.

Nonetheless, the middle class exists, even if we can't agree on how to define it, and, somehow, everyone thinks they're middle class. While I like the idea of defining the middle class in terms of household income quintiles, most of us can agree that the middle class is a relative term, not an absolute one. To be in the middle, you need something on either side.