I would also think that a single household would be part of a single class, but with Time's definition, ours would not be -- my husband (the primary wage earner) does not have a four-year degree, while I do. On the other hand, I guess one spouse could work a blue-collar job and one a white-collar job, which would also create a split-class household.
My idea of "working class" is the one from Dictionary.com above. (Why would it be called "working class" if it had nothing to do with work?)
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