Silicon Valley's "Middle Class" Problems

In a Suburb, Sunny Palo Alto, more than 2000 local businesses and earns up to $400,000 a year but they still describe themselves as "middle class".

You are correct. This is Silicon Valley where people earning several times the national average.

According to a survey by the local press Palo Alto Weekly, inhabitants of this suburb, who is at least seven times richer than the average "middle class" in America, when it comes to living Palo Alto, they can’t consider themselves “privileged class.”

In the survey conducted by Palo Alto Weekly with more than 250 participants between December 2017 and January 2018, about a third of participants ranging from $10,000 to $399,999 identifying as "middle class."

Less than 10 percent of participants identified as "lower middle class,” but the annual income of this group included people who earns about $350,000 a year.

In this suburb, home to technology giants such as HP, Tesla, Google and Facebook. And with that comes wealth can not be regarded as modest.

“We may be very wealthy elsewhere in the country, but only here we are living month to month.”

Said one participant.

“where I come from, I'd own a house easily but I'm just a middle class guy here.”

Said another participant.

Another one said “While hundreds of millionaires live in Palo Alto, how can we define ourselves as superior class?”

For more: Palo Alto Weekly