A Quote by Elizabeth Warren
Bankruptcy exposes the economic vulnerability and insecurity of middle class women.
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When I went to law school, I took a bankruptcy class with then-professor, now-Senator Elizabeth Warren. And I'll never forget that first day of class, hearing her talk about the importance of the bankruptcy system.
Prior to 1940, the affluent and the middle class began to converge, but after 1979, the economic gap between the middle class and affluent widened significantly.
That's a huge fear for middle-class women. It's not so much a fear for poor women, because poor women have always assumed that they are going to have to support themselves. It's middle-class women who have this fantasy that somebody else is going to support them.
When the women's movement began, it was a middle-class phenomenon. Certainly, black women had other stuff to think about in the '60s besides a women's movement. Working-class women were slow to get into it.
To most middle-class feminists, as to most middle-class non-feminists, working-class women remain mysterious creatures to be “reached out to” in some abstract way. No connection. No solidarity.
In the women's world, as well as in the men's world, there exists the class law and the class struggle, and it appears as fully established that sometimes between the socialist working women and those belonging to the middle class, there may be antagonisms.
A stronger middle class is not the consequence of economic growth. A stronger middle class is the cause of economic growth.
The women who file for bankruptcy played by all the rules, but they are still in economic freefall.
I was not from a middle-class family at all. I did not have middle-class possessions and what have you. But I had middle-class parents who gave me what was needed to survive in society.
The historical basis for the gap between the black middle class and underclass shows that ending discrimination, by itself, would not eradicate black poverty and dysfunction. We also need intervention to promulgate a middle-class ethic of success among the poor, while expanding opportunities for economic betterment.
Globalization is stirring widespread economic anxiety, and middle class incomes have stagnated while a class of super-rich has emerged.
The government decides to try to increase the middle class by subsidizing things that middle class people have: If middle-class people go to college and own homes, then surely if more people go to college and own homes, we’ll have more middle-class people. But homeownership and college aren’t causes of middle-class status, they’re markers for possessing the kinds of traits — self-discipline, the ability to defer gratification, etc. — that let you enter, and stay, in the middle class. Subsidizing the markers doesn’t produce the traits; if anything, it undermines them.
There are three social classes in America: upper middle class, middle class, and lower middle class.
Nonwhite and working-class women, if they are ever to identify with the organized women's movement, must see their own diverse experiences reflected in the practice and policy statements of these predominantly white middle-class groups.
The kind of people I myself represent in parliament; salary earners, shopkeepers, skilled artisans, professional men and women, farmers and so on, these are, in a political and economic sense, the middle class. They are for the most part unorganised and unselfconscious.
Trump tapped into a lot of middle-class and working-class disillusion with the political establishment and into economic worries and resentments that ballooned in the wake of the 2008 financial crash.
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