Squeezed for Decades, America's Working Class Is Finally Up Against the Wall

The net result is America's working class is up against the wall, maxed out.

Let's start by defining the working class in a meaningful way rather than by tossing around meaningless income metrics which implicitly suggest that exceeding some semi-arbitrary income bracket will magically lift a working class household into the middle class.

In the real world, in terms of class status it doesn't matter whether the household income is…