Introduction -- The Power of the Illusion, the Way We Never Were -- The Dream Interrupted, Insecurity Among the Middle-Aged -- Privileged Expectations and Insecure Realities -- The Myth of Equal Opportunity -- Negotiating Uncertainty -- Economic Vulnerability as the New Normal.

The wave of upbeat stories on the developing world's emerging middle class has reinvigorated a debate on how social class in general and the middle class in particular ought to be defined and empirically measured. With the aim of adding clarity to this debate, this dissertation provides a...