Trump and Biden have wildly different ideas about what 'middle class' means

One of the main issues in this fall's presidential election will be how best to revive the middle class, which made up 60% of households in 1971 (as measured by income) but only around half today. That already daunting challenge has become even greater due to the economic turmoil brought by the pandemic.

When Donald Trump ran in 2016, he made clear that his preferred route to increasing the size, prosperity and security of the middle class was essentially a "back-to-the-future" route. Trump's catchphrase, "Make America Great Again," means make the country like it was when he was growing up, during the twenty-five years after World War II.  At that time, the middle class was dominant at home, middle-class men were dominant seemingly everywhere, and the country was dominant abroad.

Keep reading...Show less