Summary: Populism has arisen from the lower middle class, Americans abandoned not just by the Right (owned by the 1%) but the Left as well. Populists are the swing vote in modern elections. Who they choose to ally with might create a coalition that rules for another generation. It was the Left in the New Deal. And now? Either way, populism will last beyond Campaign 2016.
Decline of the middle class in America
This report by Gallup shows the fracturing of the middle class, as they are slowly ground down. We’re near the historic moment when more Americans identify as “working and lower class” than “middle class” — a milestone in the Right’s long project to reverse the New Deal. This shows the force powering the political fires now ignited. We’re just discussing what form it will take.
Americans are considerably less likely now than they were in 2008 and years prior to identify themselves as middle class or upper-middle class, while the percentage putting themselves in the working or lower class has risen. Currently, 51% of Americans say they are middle class or upper-middle class, while 48% say they are lower class or working class. In multiple surveys conducted from 2000 through 2008, an average of more than 60% of Americans identified as middle or upper-middle class.