Nowadays, it is very hard to be classify on the middle class compare to the early 1970's. Today's median-earning family is making a lot more money that their parents did a generation ago. The family in the middle class brings home two paychecks with income $75.600 . It means all the growth in family income came from adding a second earner. The story is all about overconsumption, families really are blowing their paychecks on designer clothes and restaurant meals than their parents did a generation earlier. The big fixed expenses are up. Start at home. Nowadays the median homeowner was forking over a mortgage payment that was 76 percent larger than a generation earlier. Increases in the cost of health insurance 74% more have also hit families
