If you need to work to exist, you are working class. Owners make passive income with the wealth they already have. If getting fired from your job puts your basic necessities at risk, you are working class.
And relying on your parents to bail you out does not make you owner class.
Owners make passive income with the wealth they already have
And there’s different degrees. More than half the US population own stock. Is someone who makes $200 a year via investments “owning class”? What about $20,000? $2,000,000? You see how there’s vastly different scales? That’s what the definition of middle class is and why it’s important and meaningful
If you need to work to exist, you are working class. Owners make passive income with the wealth they already have. If getting fired from your job puts your basic necessities at risk, you are working class.
And relying on your parents to bail you out does not make you owner class.
And there’s different degrees. More than half the US population own stock. Is someone who makes $200 a year via investments “owning class”? What about $20,000? $2,000,000? You see how there’s vastly different scales? That’s what the definition of middle class is and why it’s important and meaningful