I will point this out though: this question does not make sense in a Marxist analysis. There is no 'middle class' or even 'upper class,' these are vulgar economists' terms.
Not quite true. I would label the middle class as the portion of the proletariat or petit bourgeoisie with some savings or even investment income to keep them afloat.
The issue being that the middle class and the "poor" proletariat have different relations to swings in currency and investment values. Inflation, for example, is good or neutral for the portion of the population who live month to month or remain consistently in debt. But the middle class have net savings, which inflation destroys. Likewise, low inflation or even slight deflation is good for the middle class, who have savings and small investments, but strong deflation is good only for the "true" capitalist class.
Not quite true. I would label the middle class as the portion of the proletariat or petit bourgeoisie with some savings or even investment income to keep them afloat.
The issue being that the middle class and the "poor" proletariat have different relations to swings in currency and investment values. Inflation, for example, is good or neutral for the portion of the population who live month to month or remain consistently in debt. But the middle class have net savings, which inflation destroys. Likewise, low inflation or even slight deflation is good for the middle class, who have savings and small investments, but strong deflation is good only for the "true" capitalist class.