More Americans think of themselves as working class, even as they make more money

Billy Odell Tucker-Robinson Founder & Host — Banking With Billy Network • Financial Intelligence • Markets • World News • Independent Analysis
Published: 2026-09-01 • Permanent link

Rising perceptions of the working class have led to a shift in the self-identification of Americans, with a significant portion now viewing themselves as part of the working class, despite increasing earnings. According to a recent survey, 44% of respondents believe they are working class, up from 34% in 2019. This change is attributed to a growing sense of economic insecurity and decreased trust in institutions.

The implications of this trend are far-reaching, with investors and policymakers taking note. As the working class becomes a more prominent demographic, it may influence consumer spending habits and drive demand for products and services catering to their needs. Additionally, the shift could lead to increased scrutiny of income inequality and the distribution of wealth, potentially sparking policy changes to address these issues.

Experts point to the decline of traditional manufacturing industries as a contributing factor to the growing perception of the working class. Since the 1970s, the US has experienced significant job displacement, particularly in sectors such as textiles and steel, leading to a decline in middle-class employment opportunities. This has resulted in a sense of economic insecurity and a blurring of lines between the working and middle classes.

The next few months will be crucial in determining the impact of this trend. As the 2024 presidential election approaches, politicians will need to address the concerns of the working class and demonstrate a commitment to economic growth and equality. Meanwhile, businesses will need to adapt to the changing demographics and consumer preferences, investing in products and services that cater to the needs of the working class.