Middle Class Meltdown on Flipboard

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

Robert Reich: America’s “flexible” economy is making workers’ lives hell

The former secretary of labor on the need for a federal law requiring employers to pay for scheduled work

These days it’s not unusual for someone on the way to work to receive a text message from her employer saying she’s not needed right then.

Although she’s already found someone to pick up her kid …

Economics

The day I bought steak with my food stamps

I cried every night, the week before I finally applied for food stamps. I was so ashamed. Food stamps are for losers, people who make stupid, …

Food Stamps

With Driver’s License Suspensions, a Cycle of Debt

LEBANON, Tenn. — The last time Kenneth Seay lost his job, at an industrial bakery that offered health insurance and Christmas bonuses, it was because he had been thrown in jail for legal issues stemming from a revoked driver’s license. Same with the three jobs before that.

In fact, Mr. Seay said, …

Public Defender

The Real Reason College Tuition Costs So Much

BOULDER, Colo. — ONCE upon a time in America, baby boomers paid for college with the money they made from their summer jobs. Then, over the course of the next few decades, public funding for higher education was slashed. These radical cuts forced universities to raise tuition year after year, which …

College & University

Middle Class, but Feeling Economically Insecure

It’s not only what you have, but how you feel.

When it comes to membership in the middle class, earnings and assets are just part of the definition. Nearly nine out of 10 people consider themselves middle class, as a recent survey by the Pew Research Center found, regardless of whether their incomes …

Middle Class

87 percent of Americans call themselves some version of 'middle class'

Middle Class

Working, but Needing Public Assistance Anyway

A home health care worker in Durham, N.C.; a McDonald’s cashier in Chicago; a bank teller in New York; an adjunct professor in Maywood, Ill. They are all evidence of an improving economy, because they are working and not among the steadily declining ranks of the unemployed.

Yet these same people …

Food Stamps

Most Public Assistance Goes to Working Families

“When companies pay too little for workers to provide for their families, workers rely on public assistance programs to meet their basic needs,” Ken Jacobs, chair of the Center for Labor Research and Education and co-author of the report, said in a release. “This creates significant cost to the …

Statistics

8 striking parallels between the U.S. and the Roman Empire

Is our republic coming to an unceremonious end? History may not be on America's side

Lawrence Lessig’s Republic Lost documents the corrosive effect of money on our political process. Lessig persuasively makes the case that we are witnessing the loss of our republican form of government, as …

Political History

Baltimore's Delinquent Water Bills Tap a Wellspring of Concern

Posted on Apr 7, 2015 in Social Commentary and Trends | 0 comments

Baltimore’s Inner Harbor (CREDIT: Shutterstock)

Starting this week, 25,000 …

Baltimore

Why the middle class is still getting snared by the 'wealth tax'

You may vaguely recall that in 2012 Congress "fixed" the Alternative Minimum Tax -- or what the Tax Policy Center dubbed "the epitome of pointless complexity."

But that doesn't mean the so-called "wealth tax" was simplified or eliminated.

The AMT is still alive and complicated. What lawmakers did was …

Wealth Tax

Soaring rental prices are forcing some Denver renters to out of their apartments

DENVER - The cost to live in Denver is rising and pushing some renters into the house-buying market, but forcing others out of their homes.

Maria …

Denver

Only 40% from middle class who start college earn bachelor's degree

Here's a little-known, scary stat: More than half of middle class kids who start college fail to earn a bachelor's degree within six to eight …

Guess What's Destroying the Middle Class?

Perhaps the biggest question in American political economy right now is why middle-class wages have been falling. There are three main hypotheses. Roughly, these are: Robots, unions and China.

The robots theory gets by far the most play in the news media, since it’s by far the scariest -- if …

Middle Class

Student Debt: A Penalty the Poor Pay for Not Being Wealthy

Canada has adopted aggressive tactics to attack, sabotage and infiltrate targeted computer systems.

Welcome to 1% Elections, the privatization of the …

Edward Snowden

Median Household Incomes Five Years After the Great Recession

In June of this year, we marked the fifth anniversary of the official end of the Great Recession as determined by the National Bureau of Economic …

Report: Wisconsin worst in nation on shrinking middle class : Ct

If you feel like you’re working harder for less money, it’s not your imagination.

Wisconsin ranks worst among the 50 states in terms of a shrinking …

Middle Class

​America's incredible shrinking middle class

If the middle-class is the economic backbone of America, then the country is developing osteoporosis.

Each of the 50 states has seen its share of …

Middle Class

5 signs America is devolving into a plutocracy

One-percent elections. Congressional gridlock. An increasingly demobilized public. Our democracy is on life support

Have you ever undertaken some task you felt less than qualified for, but knew that someone needed to do? Consider this piece my version of that, and let me put what I do understand …

Liberal News

Andrew McAfee: What will future jobs look like? | Talk Video | TED.com

Economist Andrew McAfee suggests that, yes, probably, droids will take our jobs — or at least the kinds of jobs we know now. In this far-seeing talk, …

The Middle Class Is Struggling in All 50 States

If the first decade and a half is any guide, the 21st century will not be known as the era of the middle class in the U.S.

The middle class shrunk in …

Here's How Much You Have To Earn To Be In The 1 Percent In Each State

What does it take to make it into the 1 percent of earners? In Arkansas, you'd need to pull in $228,298 a year. In Connecticut, the threshold is $677,608.

That's according to a report released Monday by the Economic Policy Institute, examining income inequality by state.

Connecticut -- the state with …

Income

How Much (Or Little) The Middle Class Makes, In 30 U.S. Cities

"My family's household income is $250,000 a year, but I promise you I am middle class."

That's from a recent article in a college newspaper by a student who grew up in Silicon Valley. And it's the kind of thing you hear pretty often from people who live in expensive parts of the country.

That got us …

Middle Class

America Has the Worst Vacation Policies Of Any Developed Country

A hiring manager friend once said he'd never consider an applicant who asked about vacation policies during the interview process. Inquiring about …

American Dream Home: What's the Middle Class Without a House?

MILWAUKEE, Wisc.—There was a feeling Tonya Adair had when she would return to her house after a day teaching math in a Milwaukee middle school. Her three kids would be upstairs, and she'd take a moment to herself. "I guess it was just a sense of being at ease with nobody watching, no landlord." …

Middle-Class Betrayal? Why Working Hard Is No Longer Enough in America

What frustrates Hanna Newberg about her life right now isn't just that she's working as a waitress at a chain restaurant or renting a small apartment in western Massachusetts. The problem, Newberg says, is that she did everything she was told she was supposed to do -- went to college, went to …

Robert Reich: Why Americans Are Screwed and Europeans Are Not

The U.S. economy is picking up steam but most Americans aren’t feeling it.The U.S. economy is picking up steam but most Americans aren’t feeling it. …

Liberal News

Off the Deep End: The Wall Street Bonus Pool and Low-Wage Workers

Wall Street banks handed out $28.5 billion in bonuses to their 167,800 employees last year, up 3 percent over 2013, according to new figures from the …

Wall Street

Map: The salary you need to buy a home in 27 U.S. cities

This post comes via Know More, Wonkblog's social media site.

Here’s definitive proof that San Francisco’s real estate market is insane. HSH.com, a …

Maps