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Throughout the past century the middle class has emerged as a vital part of the North American psyche Even today many people classify themselves as a part of the middle class regardless of their actual income level However this perception is incorrect In the past 20 years the middle class has been declining primarily as a result of past political interventions and job polarization throughout North America The subject of middle class is very controversial and depending on how it is defined many different conclusions can be drawn regarding the subject It is not fair to judge a declining middle class without taking into consideration many other aspects that contribute to this class The following report will detail many aspects that have contributed to the decline of the middle class including events of the past that have shaped the middle class today as well as conditions today that may affect us in the future For the purposes of this essay the middle class will be defined as households with income between 75 percent and 125 percent of the North American median Many other factors must also be considered when analyzing the middle class such as social criteria educational levels and occupation Regardless of the actual definition adopted for the middle class or the many other factors that contribute to middle class status for the past 20 years the middle class has been steadily decreasing The great American Middle class the provocateurs contend is no longer so great It is shrinking steadily goes the theory and shedding its members into the economic extremes of wealth and poverty From the 1970s to the present day over two million people who were representative of the middle class are no longer in this class In many cases some individuals have slipped a notch to the poverty class and in other cases a very few have moves up into the ranks of wealth and the higher class There are
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