I forget where, but I’ve read before that the middle class is actually an anomaly. This doesn’t pertain to what’s going on now or in the last 5/10 years. But going back hundreds/thousands of years, society was primarily composed of a few elite wealthy and a very large poor class. It was always that way in history and we are merely reverting back to the norm.

The middle class in America arose after WWII with the baby boomers and peace time after the war. The boom from early technology, cars, electronics, appliances, etc…helped put a lot of folks get decent middle class jobs.

How true this really is, I don’t know. Maybe someone can find the article since I didn’t see it on a quick search.