What does it mean to be middle class in 2024?

The wealth gap is so large there is no middle class it’s poor, working class and rich

Middle class now basically means that you bought a house, or secured a long term low cost rental prior to the madness. Less to do with income. More to do with housing situation now.

Poor people think they're middle class because the quality of life has steadily been decreasing for a few generations now. Call us the working class, the ones that keep the country going and paying the bills.

Owns a home, can have 2 chidren on average, has at least one car, can afford one two week vacation somewhere, has 3 months of savings in case of job loss. That is middle class to me. In Toronto that would be a family of 4 with an income of 200-225k a year to make it happen.

The messed-up part is that here in Canada, we have space, we have resources, we have people, yet we're not building housing for regular people. All they're building are the shoe-box condos for millions of dollars. It's nuts.

The three classes are Working Class, the Ownership Class, and the Ruling Class. By using 'middle' class, politicians have convinced three groups of working class people to blame each other instead of the ownership class.

Middle class historically meant educated wealthy professionals that were a step below landed gentry and aristocracy. Anyone else was working class. If you worked for a living, you’re working class. Then, there’s the working poor, then those in poverty.

There's countless variants/shades of middle class - It ultimately depends on if/when you bought your property.

Disabled, CPP is $1117 a month. Rent... $1400. Car, gas, food, clothes... not even the start of it.

I just realized I am not middle class

Too many people in the world . 3 billion in 1970 and 9 billion today fighting for its resources .

Our financial system values ownership over productivity. The more you own, the less you need to produce through your labour. You make more money and pay the less taxes for not having to work. The whole system rewards those who already have wealth and punishes those working to gain it. Until that is fixed we will continue this downward spiral and you will see the average canadian productivity continue to drop and wealth inequality will continue to grow. First step would be to make stock buy backs illegal again (they were illegal until the 80s) so companies are encouraged to invest in their workforce like they used to, rather than just pumping up their valuations for personal gain. The second step is to increase capital gains tax in order to reduce income and sales tax.

There are only two classes working class and capitalist class simple. Working class earn a wage, capitalist class earn off the assets or the labor of working class.

The true middle class doesn't watch the CBC😅

100k has the same buying power as 50k in the 90's. So middle class is 200k.

middle class is now in the middle of nowhere

Is this similar to how people think they are 5/10 in terms of looks

middle class is all about how you fund it. Nowadays, living middle class lifestyle (owning a home, a vacation every few years, supporting kids, able to save a little) and not have it be based on debt is what is being lost. Most people consider themselves middle class but are borrowing and maintaining precarious debt levels to maintain the lifestyle. I'd argue the terminology should be self funded middle class vs debt based middle class

As long as we outsource manufacturing to China, middle class (whatever it means) will keep shrinking. We need to bring productive jobs back to Canada. Baristas and government bureaucrats don’t qualify.

Born into a middle class family. Ended up a renter neo serf wage slave. Pretty much the story of a generation. Too many people lying to themselves about their lot in life.