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Many people consider the united states to be a middle-class society.explain why people view the united...

Many people consider the united states to be a middle-class society.explain why people view the united states in this way and is this assumption about u.s correct today?

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Considering the United States to be a middle-class society is a wrong assumption as according to recent researches by (Warren, 2009), one in five Americans is unemployed, underemployed or just plain out of work. One in nine families is not able to make the minimum payment on their credit cards. One in eight mortgages is in foreclosure or default. More than 120,000 families are filing for bankruptcy each month. More than $5 trillion pensions and savings have been wiped out by the economic crisis.

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