Middle Class Meltdown

By DJ Spiess | The slow destruction of the middle class in America.

New research identifies a ‘sea of despair’ among white, working-class Americans

Sickness and early death in the white working class could be rooted in poor job prospects for less-educated young people as they first enter the labor market, a situation that compounds over time through family dysfunction, social isolation, addiction, obesity and other pathologies, according to a …

Equality

Does The GOP Want The Middle Class To Stop Having Sex?

I normally would follow a headline like the one above with something humorous. Not this time: There’s nothing funny about this.<p>Catherine Rampell of <i>The Washington Post</i> pointed out in a spectacular column on Friday that the Trump administration and congressional Republicans want to implement totally …

Middle-class

In 18 Years, A College Degree Could Cost About $500,000

I think I just threw up.<p>People worried about college affordability today can at least take this to heart: it could get much, much worse.<p>Tuition has been rising by about 6% annually, according to investment management company Vanguard. At this rate, when babies born today are turning 18, a year of …

College & University

Poor, middle class will pay for Trump's misguided budget | Sires

<b>By REP. ALBIO SIRES</b><p>President Trump's "America First" budget is an affront to the middle class and working Americans and begs the question: which …

Middle-class

Here's how much you have to earn to be considered middle class

The American middle class keeps shrinking.<p>"The share of American adults in middle-income households also decreased, from 55% in 2000 to 51% in 2014," …

Middle-class

Buying Coffee Every Day Isn’t Why You’re in Debt

<i>Excerpted from</i> Pound Foolish: Exposing the Dark Side of the Personal Finance Industry<i> by Helaine Olen.</i><i>This article supplements Episode 2 of United</i> …

Money

When You’re Poor, Life’s Little Annoyances Actually Ruin Your Life

<i>Excerpted from</i> <b>Hand to Mouth: Living in Bootstrap America</b> <i>by Linda Tirado. Out now from Putnam.</i><p>I once lost a whole truck over a few hundred bucks. It …

The GOP health bill is a $600 billion tax cut — almost entirely for the wealthy

Most analysis of the American Health Care Act, the new House Republican plan for repealing and replacing Obamacare, has focused on the fact that it will take away health insurance from millions of Americans, including, eventually, millions of poor, elderly, and disabled Americans currently on …

Taxes

How 90% of American Households Lost an Average of $17,000 in Wealth to the Plutocrats in 2016

Paul BuchheitAmerica has always been great for the richest 1%, and it's rapidly becoming greater. Confirmation comes from recent work by Thomas …

Equality

Inequality Is Killing The American Dream

Decades of rising income inequality and slowing economic growth have eroded a pillar of the American dream: the hope that each generation will do …

Equality

This Damning Chart Shows How Much of a Head Start White Families Have Over Black Families

The yawning wealth gap between black and white families is one of the starkest legacies of America's history of racist social policymaking. As far as …

Wealth

Black, Latino Two-Parent Families Have Half The Wealth Of White Single Parents

The racial wealth gap has been measured and studied for decades. One fact has remained the same: White families build and accumulate more wealth more quickly than black and brown families do.<p>The reasons for this are multiple and well-documented. They start at slavery and traverse the historical and …

Wealth

The AI Threat Isn’t Skynet. It’s the End of the Middle Class

In February 1975, a group of geneticists gathered in a tiny town on the central coast of California to decide if their work would bring about the end …

Artificial Intelligence

New York’s middle class is getting left behind

The middle class is an endangered species in New York.<p>Household incomes for middle-class families in the Empire State grew by 4.4 percent over the …

Trump Voters Stand to Suffer Most From Obamacare Repeal and a Trade War

Donald Trump's most ardent supporters are likely to be hit the hardest if he makes good on his promise to dismantle the Affordable Care Act and embark on trade wars with China and Mexico.<p>"I think you're going to get a disproportionate impact on people who supported Donald Trump but maybe don't …

Health Care

Advocates for poor people stunned by FCC move to limit low-cost broadband

Ajit Pai "walk[ed] back the stated goal of his chairmanship," advocate says.<p>It's no surprise that Federal Communications Commission Chairman Ajit Pai …

Colleges and inequality: Skipping class

Colleges and inequalitySkipping class<p>New data show that joining the 1% remains unsettlingly hereditary<p>print-edition iconFrom the print edition | …

College & University

On His First Day in Office, Trump Raises Taxes on Middle-Class Homebuyers

In one of the first official acts of his presidency, Donald Trump has increased taxes on a million middle-class homebuyers.<p>The Department of Housing …

Millennials are falling behind their boomer parents, study says

SOUTH MILWAUKEE, Wisconsin (AP) — Baby Boomers: your millennial children are worse off than you.<p>With a median household income of $40,581, …

Cost of raising a child: $233,610 - Jan. 9, 2017

The cost of the American Dream<p>If you're thinking of starting a family, youmight be in for some sticker shock: Raising a child could cost you nearly a quarter of a million dollars.<p>A middle-income, married couple with two children is estimated to spend $233,610 to raise a child born in 2015, …

Parenting

The Champions of the 401(k) Lament the Revolution They Started

The dominant vehicle for retirement savings has fallen short of its early backers’ rosy expectations; longer life spans, high fees and stock-market declines<p>Most Popular Videos<p>Most Popular Articles

Wall Street

U.S. inequality keeps getting uglier - Dec. 22, 2016

What is income inequality?<p>Inequality in America is getting worse.<p>The gap between the "haves" and "have nots" is widening, according to the latest data out this week.<p>The rich are money-making machines. Today, the top mega wealthy -- the top 1% -- earn an average of $1.3 million a year. It's more …

Equality

How to Kill the Middle Class

Strangling public-sector unions in Wisconsin has shrunk teachers’ pay and benefits. Who’s next?<p>Back in 2009, Rick Erickson was happy with his job as a teacher in one of the state’s northernmost school districts on the shores of Lake Superior. He made $35,770 a year teaching chemistry and physics, …

Education

Why even half the middle class is living paycheck to paycheck

It’s an election year so buzzwords like “income inequality,” “the working poor” and “American dream” are ubiquitous. But there’s one thing …

Middle-class

FIU Study: Middle Class Is Shrinking

The middle class has fewer and fewer job opportunities in Florida according to the newest edition of an annual report called “The State of Working …

How to View a Richer Year for the Poor and Middle Class

The income and poverty report released on Tuesday by the Census Bureau was such a blockbuster that you’d think the bureau had just issued Beyoncé’s next secret album the night before.<p>Even for many traditionally pessimistic economic observers, this was a very welcome report. Real median incomes rose …

Equality