That is the real situation now, almost everywhere in the world regardless of the kind of living and status of life in each country. You will see the huge gap of the rich and the poor with the middle class. But I think that middle class will be able to survive and adapt more with the situation because of them came from being poor and don't want to get back on that tough situation of their lives. I wouldn't classify myself as rich and I think I belong in the middle of middle-poor class.
As said, middle-class people easily adapt to every living condition. The ongoing economic situation around the world has made people keep their needs limited and move towards saving more. We don't know what could happen tomorrow. Already, more countries are struggling because they aren't able to support their people by providing proper food. As mentioned, the gap between the rich and the poor keeps widening, which itself is an indication that the system isn't functioning in the right way.
Well, the system for some has been functioning well but it's true that for most it isn't. Housing is expensive, every consumable goods have been rising as well.
So, if you're not the type of guy who can't cope in a living survival mode, you'll barely make it. But with all of these struggles, it pushes each of us to adapt and be the best version of ourselves even if our pockets aren't deep compared before when life was simple and easy.