Middle Class Meltdown

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

Twitter Employee Complains About Being "Broke" On A $160,000 Salary, And He's Not Lying

An anonymous 40-something-year-old Twitter employee has come under fire after telling reporters that he can’t afford to live on his $160,000 annual …

5 signs you're no longer middle class

America's middle class isn't what it used to be.<p>The share of Americans who are considered in that group shrank from 1991 to 2010, according to a new …

Equality

Cracking the Mystery of Labor's Falling Share of GDP

Economists are very worried about the decline in labor’s share of U.S. national income. One reason they’re concerned is because when less of an economy’s wealth flows to workers, it exacerbates inequality and increases the risk of social instability. But another reason is that this trend throws a …

Economics

The Rich Are Living Longer and Taking More From Taxpayers - Bloomberg

We’re living longer and longer. Well, some of us.<p>Age 100 is now an imaginable goal for young people around the world with good health care. The …

Retirement
Elections

This Map Shows the Hourly Wage You Need to Afford an Apartment in Your State

A new report shows that skyrocketing rent prices have put basic living arrangements out of reach in nearly every state for most low-income workers.<p>In …

Housing
Education

That GOP 'Middle Class' Tax Cut Might Be A Big Fat Trojan Horse For The Rich

The middle class and the poor are already paying less in federal taxes than they have in decades.<p>WASHINGTON ― If taxpayers are looking for someone to blame for federal deficits and the state of the U.S. tax code as the filing deadline approaches, a good place to start might be the mirror.<p>For …

Taxes

Calling the 'comp time bill' a scam is putting it gently

The U.S. Chamber of Commerce is an organization dedicated to making labor as cheap as possible to enrich the one percent as much as possible. So, it …

U.S. Congress

The Self-Made Man: The Story of America’s Most Pliable, Pernicious, Irrepressible Myth

In 1990, Susan Orlean published a book called <i>Saturday Night</i>, in which she set out to document how Americans spend their weekly reprieve from work. …

New analysis: Most of NC senate's "middle class" tax cut would actually flow to the wealthy

Last week, the North Carolina Senate Finance Committee approved Senate Bill 325 – sponsored by the chairs of the committee – that supposedly cuts …

Taxes

Once middle class, she hung on as long as she could. Now she and her two dogs live in a car in Carlsbad

“Three straight nights I slept in the front seat,” said Edythe Russell, who is creeping up on 80. “My knees hurt so bad, I couldn’t do a fourth.”<p>That’s when Russell scrunched an air mattress into the cargo area of her scuffed-up PT Cruiser and began sleeping there, with one dog on either side of …

Homelessness

How much you have to earn to be considered middle class in every state

We let you in on the median income of those considered middle class across U.S. states. But what's the minimum you have to earn to be a part of this …

Middle-class
Sociology
Equality

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," …

Population

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 …

Liberal POV

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 …

Middle-class

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 …

Equality

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 …