Perspective

One of Matt Ygglesias' pet peeves seems to be people broadening the politically charged term "middle class" to include those who are actually quite wealthy. I certainly agree with him that some perspective is needed:

I'd forgotten that for months now Charlie Gibson has been asserting that $200,000 is a solid middle-class income, blissfully unaware that just 3.4 percent of U.S. households have an income of $200,000 or more. You could be richer than 96 percent of your fellow citizens, but still just folks to Gibson. Obviously that's not on a par with being bad at bowling or anything on the "out of touch" scale, but it's still disappointing to learn that even our salt of the earth working class multimillionaire television news personalities aren't utterly infallible.