1/27/2015

Wealthy Win Again


Most Americans don't think that members of Congress -- a majority of whom are millionaires -- do a good job of representing the less well-off, according to the results of a new HuffPost/YouGov poll.

While 87 percent say the wealthy are somewhat or very well represented in Congress, just 19 percent say the same is true for people who have trouble making ends meet.

Few think people at their own income level are well-represented in Congress, no matter what that income level is. Just 21 percent living in households making less than $40,000 see themselves as well-represented. That number is 18 percent for people in households making $40,000 to $80,000, and 27 percent of those making more than $80,000.

There's a divide, however, on whether lawmakers who are personally wealthy can understand the interests of lower-income Americans. Overall, 30 percent of Americans think those representatives can do a good job of representing people trying to make ends meet, while 46 percent say they can't, and another 24 percent are uncertain.

The middle class that President Obama identified in his State of the Union speech last week as the foundation of the American economy has been shrinking for almost half a century.

In the late 1960s, more than half of the households in the United States were squarely in the middle, earning, in today’s dollars, $35,000 to $100,000 a year. Few people noticed or cared as the size of that group began to fall, because the shift was primarily caused by more Americans climbing the economic ladder into upper-income brackets.

But since 2000, the middle-class share of households has continued to narrow, the main reason being that more people have fallen to the bottom. At the same time, fewer of those in this group fit the traditional image of a married couple with children at home, a gap increasingly filled by the elderly.

This social upheaval helps explain why the president focused on reviving the middle class, offering a raft of proposals squarely aimed at concerns like paying for a college education, taking parental leave, affording child care and buying a home.

“Middle-class economics means helping working families feel more secure in a world of constant change,” Mr. Obama told Congress and the public recently.

Still, regardless of their income, most Americans identify as middle class. The term itself is so amorphous that politicians often cite the group in introducing proposals to engender wide appeal.

The definition here starts at $35,000 — which is about 50 percent higher than the official poverty level for a family of four — and ends at the six-figure mark.

Although many Americans in households making more than $100,000 consider themselves middle class, particularly those living in expensive regions like the Northeast and Pacific Coast, they have substantially more money than most people.

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