The Newly Insecure, Unsteady, Unsafe Middle Class

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“Middle class used to be synonymous with secure, with steady, with boring, because middle-class people were people who were pretty much safe from the time they first started work on through retirement and until their deaths, no longer. Now, to be middle class is to worry, is to be insecure, is to face much increased odds of job loss, of a healthcare problem, of a family breakup that can land a family in economic collapse.”

These are the words of Elizabeth Warren in a interview. Warren was just appointed by the President to lead the new consumer protection agency she helped create.