Middle class, A history.

By reading the report on "New Middle Britain", it is clear that people in middle class are more possessive about their whereabouts in terms of saving and investing as they prefer to look for long term investments like shares and property. In contrast, people in working are more free towards their expenditure and prefer to look for short term savings, as they have no hope for long term investments due to their low wages. New class types are emerging as compared to traditional class types like Rich Ordinary Britains(ROB), High Earning Workers(HEW) and Suburban Assests Lightweights (SAL).
According to research significant number of profession mismatches, for e.g. 36% of builders consider themselves in middle class and 30% of doctors consider themselves as working class. People in working class category rate income as their most important priority where as middle class give more importance to education and housing. When it comes to owning a house, 40% of middle class own their house right away without any loans or mortgages which is less than 30% for the working class people.
According to Snell.N " the old-world definition of class is finding alternative as it is becoming significant to live in todays world with measures like, investment, income and property assets. Eventhough wealth gap between working and middle class is tremendous, Saving on daily basis needs to be incorporated by everyone no matter if it is little often."