Very few political commentators contest the fact that a stable and growing middle class is an indispensable component of a healthy nation. The following paraphrased commentary from a Chinese website articulately exposes the unpleasant social and economic consequences of a shrinking middle class.
Failure to nurture and grow a middle class
With regards to income distribution, reform has stagnated, resulting in an ever-increasing gap between rich and poor(Also a Huge problem in United States). The path to the middle class is becoming even bumpier for low-income households. High housing prices have reduced disposable income making homeowners prisoners in their own domicile , putting middle-class living standards beyond the reach of many. Bearish stock markets have partially depleted people’s savings and denied them the chance of getting acceptable returns on their investments. These are examples of just some areas where government intervention might have helped.