middle class growth
Average-income population increase
Middle class growth refers to the expansion of the middle class—either in size, as more people enter middle-income brackets, or in prosperity, as existing middle-class households gain wealth and purchasing power.
The phrase appears frequently in economic policy discussions: The candidate promised policies that would stimulate middle class growth.
It often serves as a measure of economic health, with the assumption that a thriving middle class indicates broad-based prosperity rather than wealth concentrated at extremes.
- suburbanOf residential outskirts
- picket fenceSlatted wooden yard barrier
- good schoolsHigh-performing educational institutions
- prosperityGood fortune, success
- upward mobilityRising social or economic status
social mobility · homeownership · aspirational · consumer · commute · mortgage · white collar · nine to five · comfortable · striving · economic · ladder · income · tax bracket · disposable income · professional · college degree · expanding