Middle Class Meltdown

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

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 …

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 …

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 …

Middle-class

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, …

It costs $233,610 to raise a child

<b>New York (CNN) —</b> 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, according to a report …

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

<b>New York (CNN) —</b> 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 than three …

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, …

Unions

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 …

Personal Finance

The decline of the middle class is causing even more economic damage than we realized

I have just come across an International Monetary Fund working paper on income polarization in the United States that makes an important contribution to the secular stagnation debate. The authors — Ali Alichi, Kory Kantenga and Juan Solé — use standard econometric techniques to estimate the impact …

Equality

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 …

Middle-class
Equality

Study: A shrinking middle class in Florida means more economic polarization

Florida is becoming more economically polarized between the have-plenties and the have-very littles.

Working-class

Column: Denmark has figured out the only way to save the American Dream

Denmark may be the best country in the world for a poor kid to grow up in, but that's not because they're more likely to get a middle class job. …

Equality

Fixing wealth inequality: future generations will think us mad, and they will be right

We will rue the day we did not use this period of ultra-low interest rates to invest in infrastructure and put our people to work<p>If there is one global political and economic lesson to be drawn from the Brexit experience and the rise of Sanders and Trump let it be this; we ignore the distributional …

Who’s getting rich off your student debt?

The student loan program was supposed to help open the door to higher education, but it’s become something else: a profit center for Wall Street and …

Loans

Middle class vanishing as income gap widens

A recent study by the Pew Research Center found a widening wealth gap is moving more households into either higher- or lower-income groups in major …

Are you shrinking along with the middle class?

The declining middle class has become a major theme in this year's presidential election. It's a catch-all topic that touches on all sorts of problems that candidates like to hit, from jobs being lost to China to student loans, costly medical care and the nation's falling rate of homeownership.<p>So …

Middle-class

The disappearing middle class, and a nation, on the brink

The American middle class is declining. As our middle class falls, our political temperature rises. Crane Brinton’s likening of political revolution …

Failing Central States Pension Fund is out of options - May. 20, 2016

What happens when a pension fund runs out of money?<p>One of the biggest private pension funds in the country is almost out of money, and fresh out of options.<p>The Central States Pension Fund has no new plan to avoid insolvency, fund director Thomas Nyhan said this week. Without government funding, the …

Retirement