We Have Never Been Middle Class. Hadas Weiss

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academic degrees whose price is calculated over many years of student-loan repayments while relying for validation on a mercurial job market. The danger of property providing too much security, or of its taking too much away from the economy’s surplus, is lifted by the proliferation, among high and low earners alike, of property of unstable value. This kind of property requires invigorated investment while delivering erratic returns. All but the wealthiest owners cannot dream of finally settling for what assets they’ve succeeded in piecing together. Instead, many more are lured in by the promise of ownership, only to discover that in order to enjoy its benefits they must continue to relentlessly invest.

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