Middle Class Meltdown on Flipboard

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

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 …

College & University

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 …

Asia

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 …

Democrats

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 …

Great Recession

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 Future

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 …

Middle Class

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 …

Vacations

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." …

Mortgages

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 …

Betrayal

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

10 Disappearing Middle Class Jobs

The United States shed 8.7 million jobs from the official onset of the Great Recession in December 2007 until the economy began regaining jobs in …

Middle Class

Employers Complain of Rising Premiums, But Workers’ Comp Is at 25-Year Low

Despite the drumbeat of complaints about costs, employers are paying the lowest rates for workers’ compensation insurance than at any time in the …

North Dakota

Robots are hurting middle class workers, and education won’t solve the problem, Larry Summers says

Two weeks ago, the famous economist Larry Summers sat in a chair on a stage at the National Press Club, talked with several other smart people for an …

Economics

Sutter: The argument for a basic income

Earlier this year, I visited a town where residents are cut a check just for being alive. It's not some Scandinavian utopia. It's not part of some holdout communist state. It's Cherokee, North Carolina, a town of 8,000 hidden away in the particularly misty stretch of the Great Smoky Mountains.

I …

Economics

See How the Wealth Gap Between Whites and Non-Whites Is Getting Wider

The average white family has accumulated seven times the wealth of the average black family

The average white family accumulated $677,656 in total assets in 2013, more than six times that of Latino families and seven times that of African-American families, according to a new study that shows ethnic …

African Americans

The End of Outrage?

Occupy Wall Street protesters stand on the steps of Federal Hall, across the street from the New York Stock Exchange, in New York on Sept. 17, …

Economics

The big “middle class” rip-off: How a short sale taught me rich people’s ethics

So many of us are clueless about business and finance. Here's why that's just the way the investment class likes it

“Behind every great fortune lies a great crime.” – Honoré de Balzac.

The closest I ever came to acting like a rich person was two years ago when I short-sold my primary residence. I …

Report: Overpaid CEOs hurt shareholders, employees and the nation as a whole

CEO pay grew an astounding 937% over the past 35 years. The explosion in executive compensation greatly outpaces growth in the stock market and …

Where Are the Hardest Places to Live in the U.S.?

Annie Lowrey writes in the Times Magazine this week about the troubles of Clay County, Ky., which by several measures is the hardest place in America to live.

The Upshot came to this conclusion by looking at six data points for each county in the United States: education (percentage of residents …

Median Household Income

Student Loan Debt Is Hurting More Than Just Our Wallets

Finding it hard to get that student-debt monkey off your back? You're not the only one.
A study in the January edition of Social Science & Medicine …

Mental Health