Trending Now :

The Nouveau Riche and the U.S. Tax Code: A Tale of Unequal Burdens 10 Ways to Retire Comfortably Even if You are Not a 401(k) Millionaire The Federal Reserve’s Rate Cut: What It Means for Your Finances and Why It’s Time to Act Now Dark Web Monitor Alert: Are You Safe from Identity Theft? Where to Find $20 Million Homes in the U.S.: The Ultimate Guide to Luxury Real Estate The COVID EIDL Loan Challenge: Small Businesses’ Struggles in a Post-Pandemic Economy Biggest Financial Crimes: Salomon Smith Barney Kamala Harris’s Ambitious Plan to Lower Housing Costs: A Comprehensive Look What Credit Card Users Should Know if the Fed Cuts Rates in September Taxing Unrealized Gains: A Political Pipe Dream with No Real Payoff Best Cars for Middle-Class Americans How to Finance an Engagement Ring The Risks and Rewards of Keeping a Mortgage After 65 Credit Score Breakdown: FICO and Vantage Scores In Search of the Next Asset Bubble Biggest Financial Crimes: Washington Mutual Financial Scandal Re-Drafting the 2023 IPO Class The Interest-Free Installments Economy FICO Scoring Models: Explained Fed Holds Off on Rate Hike Rise of the Global Middle Class: Opportunities and Challenges Protect Yourself from Financial Scams Money Motivators Mortgage Rate Buydown What Does the Hot Inflation Report Mean for the Housing Market How Do You Build Wealth: Invest in Yourself Times Up for Programmed Money Biggest Financial Crimes: Countrywide Quantitative Tightening, Inflation, & More The Stock Market Is On Sale Investors Need to Netflix and Chill Credit Card Fixed-Interest Loans: Explained Are You Money Smart? Build Your Credit for Free Filing Your Taxes in 2022 Credit Cards that Offer 2% Cashback on All Purchases Navient Ordered to Cancel Student Loans U.S. Mortgage Interest Rates Soaring Two Big Banks Cut Overdraft Fees 2022 IPO DRAFT CLASS: Ranking the Top 10 Prospects Re-Drafting the 2021 IPO Draft All You Need to Know about Buy Now Pay Later companies Credit Card Sign-Up Bonus or SUB The Best Credit Card for the Middle-Class Make An All-cash Offer with No Cash Capitalism Always Ignores Politics All You Need to Know about the Financial crisis of 2007-2008 American Families Face Serious Rent Burden Savings Is An Expense You Can’t Build Generational Wealth If You Are Broke IT’S OFFICIAL: Robinhood is a Meme Stock All You Need to Know About Biden Mortgage Modifications & Payment Reductions Apple Card 2nd Year Anniversary: Should You Get It Now Wells Fargo to Pull Customers Personal Lines of Credit The Rise of Individual Investors The US Housing Market Is Booming. Is a Crash Ahead? Financial Literacy: How to Be Smart with Your Money Non-Fungible Token (NFT):EXPLAINED SKYROCKETED CEO PAY & LONG LINES AT FOOD BANKS Amazon Workers Want to Unionize Another Major City Piloted Universal Basic Income The New Bubble: SPACs SUBMIT YOUR PPP ROUND 2 APPLICATION BEFORE MARCH 31ST Robinhood-GameStop Hearing & Payment for Order Flow Guess Who’s Coming to Main Street Democratic Senators Say No to $15 Minimum Wage BEZOS OUT! President Biden Most Impressive Act Went Unnoticed: CFPB Biden $1.9 Trillion Stimulus Package 2021 IPO DRAFT CLASS: Ranking the Top 10 Prospects $25 Billion Emergency Rental Assistance NO, TESLA IS NOT WORTH MORE THAN TOYOTA, VOLKSWAGEN, HYUNDAI, GM, AND FORD PUT TOGETHER AMAZON TO HAND OUT ITS WORKERS $300 HOLIDAY BONUS Where Does the American Middle-class stand on Student Debt Relief? Joe Biden’s Economic Plan Explained 4 TYPES OF BAD CREDIT REPORTS AND HOW TO FIX THEM What Is the Proper Approach to Not Buy Too Much House? FISCAL STIMULUS PLANS STILL IN ACTION How to Pick Investments for Your 401(k) 10 Simple Ways to Manage Your Money Better All You Need to Know about Reverse Mortgage All You Need to Know about Wholesale Real Estate Credit card Teaser Rates AVERAGE CREDIT CARD INTEREST RATE SURGES TO 20.5 Percent Trump Signs 4 Executive Orders for Coronavirus Economic Relief The Worst American Economy in History WHY CREDIT CARDS MINIMUM PAYMENTS ARE SO LOW? 10 BIGGEST COMPANIES IN AMERICA AND WHO OWNS THEM White House Wants to End the Extra $600-A-Week Unemployment  10 Countries That Penalize Savers FEWER CREDIT CARD BALANCE-TRANSFER OFFERS ARE IN YOUR MAILBOX Private Payrolls and the Unemployment Rate SHOULD YOU BUY INTO THE HOUSING MARKET RESILIENCY? WILL WE GET A SECOND STIMULUS CHECK The Child Tax Credit and Earned Income Tax Credit THE RETURN OF BUSINESS CYCLES Should You Request a Participant Loan or an Early 401(k) Withdrawal? Homebuyers Should Not Worry about Strict Mortgage Borrowing Standards The Potential Unintended Consequences of Mortgage Forbearance All Business Owners Need to Know about the Paycheck Protection Program 10 MILLION UNEMPLOYMENT CLAIMS IN TWO WEEKS HOW WILL THE GLOBAL MIDDLE-CLASS RECOVER FROM A SECOND ECONOMIC RECESSION IN A DECADE? WILL U.S. CONSUMERS CONTINUE TO SPEND? HOW’S YOUR 401(k) PRESIDENT TRUMP SIGNS $2.2 TRILLION CORONAVIRUS STIMULUS BILL MIDDLE-CLASS NIGHTMARE: MORE THAN 3.3 AMERICAN FILED FOR UNEMPLOYMENT CLAIMS IN THE US LAST WEEK. LAWMAKERS AGREED ON $2 TRILLION CORONAVIRUS STIMULUS DEAL CORONAVIRUS STIMULUS PACKAGE FAILED AGAIN IN THE SENATE APRIL 15 (TAX DAY) DELAYED DEMOCRATS AND REPUBLICANS DIFFER ON HOW $2 TRILLION OF YOUR TAX MONEY SHOULD BE SPENT YOU CAN DELAY MORTGAGE PAYMENTS UP TO 1 YEAR, BUT SHOULD YOU? 110 Million American Consumers Could See Their Credit Scores Change The Middle-Class Needs to Support Elizabeth Warren’s Bankruptcy Plan The SECURE Act & Stretch IRA: 5 Key Retirement Changes 5 Best Blue-chip Dividend Stocks for 2020 9 Common Bankruptcy Myths 401(K) BLUNDERS TO AVOID Government Policies Built and Destroyed America’s Middle-Class & JCPenney Elijah E. Cummings, Esteemed Democrat Who Led the Impeachment Inquiry into Trump, Dies at 68 12 Candidates One-stage: Who Championed Middle-Class Policies the Most WeWork: From Roadshow to Bankruptcy Stand with the United Auto Workers Formal impeachment Inquiry into President Donald Trump America Is Still a Middle-Class Country SAUDI OIL ATTACKS: All YOU NEED TO KNOW THE FEDERAL RESERVE ABOLISHED BUSINESS CYCLES AUTO WORKERS GO ON STRIKE Saudi Attacks Send Oil Prices Spiraling REMEMBERING 9/11 What to Expect from the 116th Congress after Their August Recess Should You Accept the Pain of Trump’s Trade War? 45th G7 Summit-President Macron Leads Summit No More Upper-Class Tax Cuts Mr. President! APPLE CARD IS HERE-SHOULD YOU APPLY? THE GIG ECONOMY CREATES A PERMANENT UNDERCLASS 5 REASONS IT’S SO HARD FOR LOW-INCOME INDIVIDUALS TO MOVE UP TO THE MIDDLE CLASS ARE YOU PART OF THE MIDDLE CLASS? USE THIS CALCULATOR TO FIND OUT? WELLS FARGO IS A DANGER TO THE MIDDLE CLASS The Financialization of Everything Is Killing the Middle Class
Middle-Class Voters
American Middle Class

What Matters to Middle-Class Voters

The estimated reading time for this post is 572 seconds

Introduction

Middle-class voters are the backbone of the American electorate. Their votes decide elections, and their voices shape national policy. In the 2020 presidential election, for example, middle-class suburban voters played a critical role in swinging key battleground states, underscoring their influence on electoral outcomes. Yet politicians often speak about the middle class in vague, feel-good terms without addressing the issues they care about most. So, what truly matters to middle-class voters?

This article examines the core concerns—from economic stability to healthcare, education, and beyond—that define the choices of middle-class families when they step into the voting booth.

Economic Stability

The middle class wants one thing above all: economic stability, which means good jobs, decent wages, and policies that work for—not against—them. But too often, economic discussions are hijacked by lofty promises that fail to deliver.

Since the Great Recession began in 2007 and its effects lingered through the following years, wage growth has struggled to keep up with rising inflation and living costs. According to the Bureau of Labor Statistics, real average hourly earnings decreased 0.1% from August 2022 to August 2023, seasonally adjusted. This stagnation contributes to ongoing financial pressure for middle-class families.

While the recession officially ended in 2009, the economic recovery for the middle class has been slow. The expansion of the gig economy, while providing flexible work opportunities, has added more economic pressure by contributing to job insecurity and limiting access to benefits like healthcare and retirement savings.

Job Security

Many in the middle class fear losing their jobs. Despite historically low unemployment rates, automation and globalization are rapidly reshaping industries, leaving people anxious about their livelihoods.

Companies are shifting jobs overseas, and automation is taking over roles once considered safe. While technological advancements can create new job opportunities, the transition can be disruptive. Middle-class voters need reassurance that the government has their back—whether through retraining programs or policies that incentivize businesses to keep jobs on American soil.

This worker anxiety was on display recently when U.S. port workers and operators staged a three-day strike that shut down shipping on the East and Gulf Coasts. One of their core demands was to halt automation and artificial intelligence (AI), which they worry will replace them. While automation can improve efficiency, workers are concerned about job displacement without adequate support or transition plans.

Wage Growth

The debate over minimum and living wages is critical to middle-class voters. Stagnant wages are the silent killer of the American Dream. While living costs soar, paychecks remain stagnant, forcing families to stretch every dollar.

Middle-class voters want to know where their elected officials stand: Are they advocating for a minimum wage that barely scratches the surface, or are they pushing for a living wage that meets basic needs?

The current federal minimum wage is $7.25 per hour—a rate that hasn’t increased since 2009. Although most Americans earn more than the federal minimum wage, the median weekly earnings of full-time workers are about $1,100, translating to an annual salary of approximately $57,200. Meanwhile, the median home price in the United States is $420,846, according to Zillow, representing a significant increase from previous years.

To illustrate the financial burden, consider a potential mortgage payment on a median-priced home of $420,846. Assuming a 20% down payment ($84,169) and a 30-year fixed mortgage at a 6.5% interest rate, the monthly payment would be approximately $2,128 (excluding taxes and insurance). For a household earning $57,200 annually, this mortgage payment would consume roughly 45% of their pre-tax monthly income—well above the recommended threshold for housing affordability. This underscores why stagnant wages and rising housing costs are critical issues for middle-class voters.

Economic Policies

Tax reforms and small business support are make-or-break issues. The middle class doesn’t want tax policies that favor only the wealthy or corporations. They want fairness, plain and simple. That means tangible tax relief for working families and genuine support for small businesses—the lifeblood of many communities.

Middle-class voters want politicians who understand that a thriving Main Street means a flourishing middle class and who reject the old trickle-down economics playbook.

Healthcare

Healthcare costs are like a ticking time bomb for many middle-class families. You’re healthy today, but one unexpected medical bill can throw everything into disarray.

A study published in the American Journal of Public Health found that 66.5% of all bankruptcies in the United States are tied to medical issues due to high costs or time taken off work. This highlights how a single medical emergency can have devastating financial consequences, making healthcare affordability a key concern. The affordability and availability of healthcare are at the core of middle-class concerns.

Middle-class voters don’t want to face impossible choices due to high medical costs—a demoralizing reality for many.

Access to Affordable Healthcare

The price of healthcare in the United States is unsustainable, and middle-class voters know it. They face skyrocketing premiums, high deductibles, and limited options for quality care.

The promise of insurance coverage for everyone sounds great, but middle-class families want more than empty slogans—they want to know how much it’s going to cost them and whether they’ll actually be able to see a doctor when they need one.

Prescription Medication

Prescription medication costs are out of control, and they’re squeezing middle-class wallets. Voters want to see real action to control drug prices.

They’re tired of politicians taking contributions from pharmaceutical companies while families are forced to ration their medication. Middle-class voters are looking for leaders ready to take on Big Pharma and push for pricing transparency and affordable alternatives.

What’s particularly frustrating is knowing that neighbors across the border pay significantly less for the same drugs.

Mental Health Services

Mental health is no longer a taboo topic—it’s something voters care about deeply. They want better access to mental health services, especially given the toll that economic uncertainty and social pressures are taking on families. Access to mental health services can no longer be a privilege; it must be a priority.

The rise in mental health issues exacerbates what some experts call “diseases of despair,” which are conditions linked to hopelessness, such as substance abuse, depression, and suicide. These diseases are connected to bleak social and economic conditions, and their impact on families and communities is too significant for policymakers to ignore.

Education

Education is the ladder to success that the middle class relies on, but that ladder needs rungs. From K-12 to college, middle-class families are worried about access, quality, and the price tag attached to learning.

Quality of K-12 Education

Middle-class voters are frustrated by funding disparities in K-12 education. Schools in wealthier neighborhoods thrive while others are left behind, creating a system that perpetuates inequality. According to a report by EdBuild, schools in high-income areas receive an average of $1,000 more per student in annual funding compared to those in low-income areas.

This disparity significantly impacts the quality of education, resources, and opportunities available to students, further widening the gap between communities.

Middle-class parents also question the current curriculum and the reliance on standardized testing. They want education reforms that prioritize critical thinking, creativity, and the skills their children will need in a rapidly changing job market.

The subpar K-12 education system is a pervasive issue. For instance, a 19-year-old named Alejandra Ortiz sued Hartford Public High School, stating that she never really learned to read. A study revealed that many Los Angeles County school students lack foundational reading and writing skills.

Higher Education Accessibility

The rising cost of college is crushing middle-class families. The student loan debt crisis isn’t just a young person’s problem—it’s a middle-class family problem.

Many parents take on significant financial burdens to help their children afford college, often co-signing loans or using their retirement savings to cover costs. According to a survey by Sallie Mae, nearly one-third of parents with children in college have sacrificed their retirement savings to help pay for tuition.

This creates a ripple effect, impacting the long-term financial stability of middle-class families and increasing anxiety about their future.

Parents are co-signing loans, dipping into retirement funds, and losing sleep over how to afford higher education for their children. Middle-class voters want real solutions to this crisis—whether through tuition freezes, increased grants, or expanded loan forgiveness programs.

Vocational Training and Lifelong Learning

College isn’t for everyone, and middle-class voters know that. Not all students want or need a four-year college degree; they understand the importance of vocational training.

Trades and skills-based education can lead to stable, high-paying jobs, and it’s time these options were given the same respect as traditional college paths.

Circling back to the International Longshoremen’s Association (ILA) workers’ strike mentioned earlier, they reached a tentative deal to raise average wages to about $63 an hour from $39 an hour over the contract’s life. Many of those workers don’t have college degrees.

Middle-class voters also want more support for adult education programs that help workers adapt to new industries and technologies.

Taxes

The tax burden is a big concern for the middle class, which often feels squeezed from all sides. They’re tired of bearing a disproportionate load while the wealthy seem to find loopholes.

Tax Burden on Middle-Class Families

Current tax policies often leave middle-class families feeling like they’re getting the short end of the stick. For example, the 2017 Tax Cuts and Jobs Act provided substantial benefits to corporations and the wealthy, while many middle-class families saw only modest, temporary relief. This disparity has led to a perception that the system is rigged against them.

They work hard and pay their dues, yet they still feel like they’re falling behind. Middle-class voters want a fair system that doesn’t subsidize the ultra-rich or large corporations. They want a tax policy that lets them keep more of their hard-earned money.

Tax Relief Measures

Middle-class voters are paying attention to proposed tax reforms and their impact on disposable income. They need politicians to get serious about tax relief measures that actually make a difference in their monthly budgets—not just temporary fixes or empty promises.

Whether it’s expanding child tax credits or adjusting income brackets, they’re looking for policies that provide real, sustainable relief.

Conclusion

Sometimes what matters to the middle class—the most important, largest, and most consistent voting bloc—can be at odds with responsible governance.

For example, middle-class voters often prioritize tax cuts and immediate economic relief, even if these policies contribute to a growing federal deficit. This contradiction arises because many voters are focused on short-term financial stability for their families rather than long-term fiscal responsibility.

Such conflicts show the complexity of balancing voter preferences with sustainable governance. While voters often mention that the federal debt is a top priority, they repeatedly elect candidates who fail to address it responsibly, instead making decisions that add to the debt. This inconsistency highlights the gap between voter concerns and electoral outcomes, underscoring the complexity of middle-class priorities.

Middle-class voters want to support candidates who understand their struggles—not just in theory, but in practice.

They want leaders who offer real solutions to the issues that keep them up at night: economic stability, affordable healthcare, quality education, fair taxes, and more.

Addressing these concerns isn’t just good policy; it’s the key to winning the trust and votes of the middle class. Politicians must stay relevant and engaged with the issues that matter to middle-class America and deliver on their promises.

BACK TO TOP
Author

Senior Accounting & Finance Professional|Lifehacker|Amateur Oenophile

Continue Reading
Click to comment

Leave Comment

Advertisement
American Middle Class / Nov 15, 2024

Exploring the Financial Challenges of the Unbanked: Insights from the FDIC’s 2023 Survey

The estimated reading time for this post is 266 seconds Introduction In 2023, about 4.2%...

American Middle Class / Nov 09, 2024

Should You Rent vs Buy a Home? How to Decide.

The estimated reading time for this post is 327 seconds The question of whether to...

American Middle Class / Nov 05, 2024

Creating an Emergency Fund: Why Everyone Needs One and How to Build It Quickly

The estimated reading time for this post is 331 seconds Introduction: The Safety Net You...