On Labor Day, families gather, politicians pay tribute to values of hard work, and some workers even get an extra day off. But this Labor Day arrives with working families struggling to stay afloat. Incomes haven’t gone up in the twenty-first century. Show More Summary
By Kyle Spencer: Large populations and rapid economic growth mean China and India will become the juggernauts of middle class consumerism over the next twenty years. Yet while China is well covered by analysts, India is widely ignored. Show More Summary
The 1 percent's income grew 245 percent over three decades. The rest of us didn't see much. The post Income Inequality Costs The Middle Class $18,000 A Year appeared first on ThinkProgress.
I’m a bit of an extremist on saving. That partly reflects my supply side views—government policy discourages savings in 100s of ways. It partly reflects the fact that successful economies like Singapore and Switzerland tend to save a lot. And it partly reflects my (patient) personality. I’ve been in all 5 quintiles at various stages […]
Three recent studies using different data sets and methodology show the horrendous losses inflicted on what used to be the middle class by the Great Crash. In March, Emmanuel Saez and Gabriel Zucman presented a preliminary report onShow More Summary
By George Schneider: For five years, the U.S. economy has been expanding at a steady clip. The stock market soared from the March 9, 2009 low of 666 on the S&P 500 index to over 2000 today, resulting in tripling of the index. Headlines are filled with talk of recovery. Show More Summary
One of the better pieces I’ve read on the reaction to events in Ferguson: Whites of the working and middle classes correctly perceive that their economic fortunes have deteriorated over the past half-century, even if the average white household is still 20 times wealthier than the average black household (an especially deleterious consequence of white [...]
A Kansas-based hate group known for staging protests near military funerals and "God hates fags" picket signs, will not be going to the Middle East to protest the Islamic State terrorist group after all.
The American Academy of Pediatrics just issued a new policy statement recommending that middle and high schools start class no earlier than 8:30 a.m. because adolescents have unique sleep rhythms that make it harder for them to go to sleep and wake up earlier than other people, and that sleep deprivation can affect academic achievement […]
Last December I took a picture with two friends in front of our old elementary school: Bel-Nor Elementary in St. Louis, a little over 3 miles from Ferguson, Mo. It was the last day before Bel-Nor was closing for good; come January, its students and teachers would disperse to other schools in the area and farther afield. Show More Summary
By Don Dion: Berkshire Hathaway Reinsurance Group The general insurance market is Asia is underserved with a rapidly growing middle class and strong economic momentum. This combination of characteristics has piqued the interest of not...Show More Summary
A couple weeks ago, I read a Times’ article The Typical Household, Now Worth a Third Less. The punchline of this article was the fact that the US median household saw their net worth fall from $87,992 in 2003 to $56,335 in 2013. The article linked to a report, Wealth Levels, Wealth Inequality, and the […]
Submitted by Michael Snyder of The Economic Collapse blog, The 30 statistics that you are about to read prove beyond a shadow of a doubt that the middle class in America is being systematically destroyed. Once upon a time, the United...Show More Summary
A research firm says the income of middle-class American families is lower now, when adjusted for inflation, than when the recovery began five years ago.
A few months ago, I was asked to speak about race at a cooperative preschool here in San Francisco. The group was mostly white, middle to upper middle class and socially progressive. There were a few folks of color in the room. Some were church folks, others academics and others stay-at-home parents. Show More Summary
Despite President Obama's recent attempts to convince Americans he has turned our economy around, the truth is very different for middle-class families. As Peter Wehner notes in YG Network's Room To Grow, polling shows that twice asShow More Summary
They even serve food — The Truth About Cars has a great explainer on the luxury long-distance buses of South America. Read it right here. There's good reason why these are the vehicles of choice for the growing middle class. Read more...
GIF by Dan Stuckey Terence McKenna smoked cannabis for the first time during Easter vacation in 1965 when he was 18 years old. He had inherited “the programming,” as he called it, from his “middle class straight parents” that “the road to hell was paved” with cannabis. Show More Summary
Traveling by bus is the preferred mode for the growing middle class throughout Latin America. White collar workers, government employees, and students take long-distance buses for many reasons. First, it is much less expensive than flying. Show More Summary
The prologue of this 2002 episode of "This American Life" seems depressingly relevant in the wake of Ferguson: Nothing has changed in the last 12 years—except maybe now the outrage is there. [ Comment on this story ] [ Subscribe to the comments on this story ]