Americans seem to feel that middle class means having your own “home”, meaning a small plot of land with a house. The number of such homes, within a certain distance of workplaces, schools, and various urban amenities, is limited. There’s nothing any economic system can do about that. At some point, people have to accept smaller plots of land and/or stacking the dwellings (ie living in apartments).
By what definition is somebody who can’t afford property “upper middle class”?
Common definitions for the middle class range from the middle fifth of individuals on a nation’s income ladder, to everyone but the poorest and wealthiest 20%. (Wikipedia)
Americans seem to feel that middle class means having your own “home”, meaning a small plot of land with a house. The number of such homes, within a certain distance of workplaces, schools, and various urban amenities, is limited. There’s nothing any economic system can do about that. At some point, people have to accept smaller plots of land and/or stacking the dwellings (ie living in apartments).
Yes but apartments can be owned. I’m German and I also think middle class means the family either owns or is currently paying off a house/apartment