The Middle Class Is Cracking

Borrowing more to maintain spending is hanging on by one's fingernails, not middle-class security.

The middle class is cracking, but if you want a statistic that “proves” this, there isn’t one. The cracking isn’t a statistic, it’s the culmination of observations logged over the past 15 years about these critical measures of what it takes to qualify as middle class:

1. How much income a household needs to secure the minimum qualifications of a middle c…