I think people should look at a longer time frame than just since this last recession. The map for this kind of thing was drawn up in the 1980’s, the Great Recession brought it home. I’m 56, I had the distinct belief that during the Reagan period all the rules were being thrown out the window, permanently. The 80s saw the acceptance by large numbers of people that traditional policies towards fairness for the middle and working class were going to go. People then had (to some degree) the chance to say no to this. Many of these people losing jobs and homes voted Republican at some time, hopefully knowing full well that middle class status was not even being considered by the GOP, like it was during Eisenhower’s period. So, to some degree, I have to say “you bought it you broke it.”
Yes, there is tremendous victimization of so many folks by the finance class. There has also been a mistaken faith that it would always be business as usual for middle class people trying to make it. Anybody watching the national scene during the 1980s might have come to the conclusion then that the finance, banking, and real estate sectors were being given everything. How else could all of this go but potential loss for anyone not in the top tier?