The words 'have to' are doing a lot of work in that statement. Some people 'have to' work to literally put food on the table, other people 'have to' work to able to making payments on their new yacht. The world is full of people who could probably live out the rest of their lives without working any more, but doing so would require drastic lifestyle changes they're not willing to make.
I personally think the metric should be something along the lines of how long would it take from losing all your income until you're homeless.
What income? Income from job, or from capital? A huge difference. Also a lot harder to lose the latter, gross incompetence or a revolution, while the former is much easier.
Now what?
I’m willing to bet you haven’t lived long enough to know that’s a more or less a proxy for old age. :) That aside, even homeless people acquire possessions over time. If you have a lot of homeless in your neighborhood, try to observe that. In my area, many homeless have semi functional motor homes. Are they legit homeless, or are they “homeless oligarchs”? I can watch any of the hundreds of YouTube channels devoted to “van life.” Is a 20 year old who skipped college which their family could have afforded, and is instead living in an $80k van and getting money from streaming a “legit homeless”? The world is not so black and white it will turn out in the long run.
https://sanjosespotlight.com/san-jose-to-crack-down-on-rv-re...
Does one have savings? Can they afford to spend time with their children outside of working day to day? Do they have the ability to take reasonable risks without chancing financial ruin in pursuit of better opportunities?
These are things we typically attribute to someone in the middle class. I worry that boiling down these discussions to “you work and they don’t” misses a lot of opportunity for tangible improvement to quality of life for large number of people.
If you have an actual job and an income constrained by your work output, you could be middle class, but you could also recognize that you are getting absolutely ruined by the billionaire class (no matter what your level of working wealth)
I agree with your point. Now doctors are working class as well.
