Prices have risen by 54% in the United States, 32% in China and nearly 15% in the European Union between 2015 and 2024. Though policies have been implemented to increase supply and regulate rentals, their impact has been limited and the problem is getting worse
Housing access has become a critical issue worldwide, with cities that were once accessible reaching unsustainable price points. Solutions that have been proposed, like building more houses, capping rents, investing in subsidized housing and limiting the purchase of properties by foreigners have not stemmed the issue’s spread. Between 2015 and 2024, prices rose by 54% in the United States, 32% in China and by nearly 15% in the European Union (including by 26% in Spain), according to the Organisation for Economic Co-operation and Development.
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Salaries have not grown apace with real estate prices. In the EU, the median rent rose by 20% between 2010 and 2022, with rental and purchase prices growing by up to 48%, according to Eurostat. Underregulated markets are wreaking havoc, and in the United States and Spain, 20% of renters spend more than 40% of their income on housing, while in France, Italy, Portugal and Greece, that percentage varies between 10% and 15%, according to the OECD. Many countries have created programs aimed at increasing the future supply of public housing, but their effectiveness has yet to be determined and analysts say that results will be limited if smarter regional planning decisions are not made.
There is no middle class - there is the working class and the exploiter class. People have misidentified a chunk of the relatively better off working class as somehow not part of the working class. Over time the systems of capitalism and the power imbalances at the heart of the non-unionized workplace will eventually reduce better off workers to the lowest common denominator as the exploiter class demands perpetually growing profit that must come at the cost of the working class.
If you’re making 50k it’s hard to be convinced someone making 300k…like your boss…or their boss is “part of your struggle”.
Your comment is extremely naive.
If you work for your money, you’re part of the struggle. If you own for your money, you’re part of the problem.
The problem is capital and it always has been. Sure, there’s a concerted effort by capital to deflect the anger due to them onto CEOs and the like but we have to be smart enough and worldly wise enough not to fall for it.
But the middle class is those who are able to leverage working for their money to accumulate capital to where they can live off of the proceeds of that owned capital. If you’re able to retire, you eventually become part of the ownership class.
There is a shrinking middle class but the actual people in it are those who split their adult lives into eventually retiring on their wealth, accumulated through working.
Thats not not what middle class means.
Middle class generally means people whose incomes are in the middle half (ranging from 40th to 60th percentile to the 20th to 80th).
If you want to pull out your own new definition based on whether their income comes from work or from return on investments, then I’d still point out there’s a large number of people who do both, especially when compared across the entire life cycle including retirement. So if you insist on this alternative definition, you still have to account for the big chunk of the population who do both.
I have to admire the brazenness with which you made up your own utterly unfounded definition of the term “middle class” then, immediately after being called out for it, accuse the person who hadn’t provided any definition of the term of doing exactly what you had just done.
Thats some advanced level bad faith engagement right there.
Its not my definition. Its a different school of thought that has stood up to scrutiny. It is different to what a lot of people would refer to as middle class and, of course, different again from what you, personally describe middle class to be.
I don’t really recognise a middle class but, if one is to exist, it is simply the middle earners of people who work for their money and they’re predominantly white collar workers. That’s all there is to it. What you described is petite bougouise and may well be middle class but not all middle class people are petite bougouise.
I’m specifically pointing out the problem with the “how they earn income” definition, that it seemingly assumes that the two categories are mutually exclusive, to try to argue that there’s no such thing as a middle class They’re not. Most people who are in what most would recognize as “middle class” under the traditional definition get income through both methods, especially over the course of their lifetimes.
So even under that definition, which attempts to pretend there isn’t a middle class, there is still a middle class: those who have income through both methods, or even hybrid methods (ownership of an actively managed business that allows them to earn money while working but wouldn’t earn money without their own labor).
It would be a very small amount, compared to what they earn over their lifetime. The idea that someone is middle class because they’ve earned a penny in bank interest is absurd.
Or are you planning on coming back with a load of caveats you conveniently left out previously?
Using your logic… if you’re making 50k, it’s hard to convince someone making $20k is part of the struggle.
You really think people who make $300k are out there buying lambos and eating fine dining every night?
No shit, that’s the whole point of what he’s saying. It’s hard to be convinced becuse that’s part of the strategy.
There’s really only two classes: People with “fuck you” money and people without “fuck you” money.
Middle class is, mostly, simply the newfangled term for that portion of the proletariat which isn’t lumpen which is now called the precariat. Low-rank petite bourgeois also counts as the same class as it’s actually an economical one (petit bourgeois get shafted amply by capital), not political (what with their penchant for temporarily embarrassed millionaire narratives and support of “business-friendly” policies). That worker / petit bourgeois distinction has always been fuzzy and awkward I mean it’s not like there’s not workers who think like that.
This is posted in lemmy.world so while I appreciate the information I don’t think I’m alone in saying that 90% of the terms you wrote might as well be another language entirely (I get that they literally are from another language lol)
Yep. I’ve never been middle class though I’ve done better than some. I am not really successful in the traditional sense.