A social class with such a precarious mode of living that they are forced (basically) to sell their own security for today's bread. The precarious don't know when they'll get work next, how long they will work, and thus how much money they make. Which, in turn, makes it more difficult to fill out an application for a better, more stable job.
The precariat suffer from the psychological warfare of those more fortunate, and have a hard time maintaining such basic things as self-esteem or the ability to make wise decisions.
A social class that shouldn't exist.
A social class that is the result of greed giving in to.
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