LoneLaugher
Diamond Member
Because the middle class does the bulk of the spending and buying.
Without that buying power, who are the producers going to sell to?
That is true but not accurate.
Because of the sheer number of those in the middle class, their buying power is the largest because it is the larger group.
If a statistical analysis is done it would state those with the most wealth have the most buying power per capita.
For example...A wealthy person with net assets of one million dollars in disposable income has 100 times the buying power of a person with $10k in disposable income.
So when a wealthy person buys a home, he or she will outfit that home( furniture, decor, etc) at a rate that may be in excess of what a middle class person FINANCES just to move into a new house.
You have clearly established your credibility with that one. I can't wait to read the rest of what you have to say.