"A norm-based social class will persist with disastrous financial choices long after the secure financial environment, on which its scripts are based, collapses. Simply because membership of the class is the source of all social identity and access to social capital.
Except that the social capital, which the members are clinging to, is eroding rapidly as well."
READ MORE: Acting Dead, Trading Up and Leaving the Middle Class
The Middle Class Declines 12/11/2011
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