[discostu]

If the middle class "disappears" (which isn't going to happen) by moving up then everything will be fine. The importance of the middle class in the economy is that it's the lowest strata that spends money in a way that spurs economic growth. So long as they get replaced by good spenders they're expendable. Luckily the entire concept of a disappearing middle class is a statistical fiction, it's not happening, it's just people proving once again that there are lies, damn lies, and statistics.

[FITZ]

If the middle class "disappears" (which isn't going to happen) by moving up then everything will be fine.

When are they going to start moving up? After this many years of globalism, shouldn't it be happening already? Instead we're seeing growing unemployment-----which takes you closer to the poor class not the rich class, and dropping wages ---same thing ---poorer not richer. I just hope the few wealthy elite intend to pay off our national debt all by themselves.