A central value for the American middle class identity is a) Accepting the possibility of downward...

A central value for the American middle class identity is

a) Accepting the possibility of downward social mobility b) Spartan living and frugality. c) Providing care for the elderly and disabled. d) A sufficient income in order to save and accumulate assets. e) Intellectual growth throughout life.

Expert Solution

A sufficient income in order to save and accumulate Assets.

( when compared with non Americans, American middle class has a more comfortable life than most of the people in the world.one survey found that earning an annual salary of or owning assets of between 50000$ to 99999 $ classifies a household as middle class household. According to the data published by Pew research centre people earning between 42000$-132000$ are considered as middle class. Another study found that half of American middle class earn 72000$ per year.

Thus, it's clear that American middle class households have sufficient income to save and accumulate Capital.)

Rahul Sunny answered 2 years ago

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