“The middle class is the backbone of this country. That’s not a political statement, that’s a reality. You are the people who get up every day and work hard, pay your taxes, and keep this country running. And yet, over the past few decades, the middle class has been squeezed and stretched to the breaking point.” – Joseph Biden, speech at the Democratic National Convention, August 2020
In this quote, Biden highlights the crucial role of the middle class in sustaining the American economy. He recognizes that the middle class is the engine of the economy, as they work hard, pay taxes, and keep the country running. However, he also acknowledges that the middle class has been facing increasing pressure in recent years. Economic trends, including globalization and technological advances, have contributed to a growing income gap, leaving many middle-class families struggling to make ends meet. This quote reflects Biden’s commitment to addressing these challenges and restoring economic security for the middle class.
What steps can be taken to help the middle class recover from the economic challenges they face? As President, Biden has proposed a number of policies to support the middle class, such as expanding access to healthcare, investing in clean energy, and increasing support for small businesses. It remains to be seen how effective these policies will be in addressing the underlying economic trends that have been squeezing the middle class for decades.
