The Middle Class Squeeze: An Inherent Flaw of Capitalism
The Middle Class Squeeze: An Inherent Flaw of Capitalism Introduction: The middle class, typically consisting of individuals and families who are neither extremely wealthy nor in poverty, often finds themselves caught between the top earners and the economically disadvantaged. They aspire to enjoy a certain level of financial stability, but various factors contribute to their struggles. For example, expensive education, healthcare, etc. The people in this category is in the flaw of our economic system. There is no universal definition of middle class. This category is often referred to earn too much to qualify for government assistance but still struggle to afford essential services like education and healthcare. The middle class squeeze, an alarming consequence of capitalist systems, is a glaring indicator of the inherent flaws within such economic models. As the gap between the wealthy elite and the middle class widens, this paper aims to shed light on the detrimental effects of capi