Residents of shantytowns around site of the 2012 massacre fight for "comfortably middle class" lives they were promised.
Rebecca Naser, Corrie Hunt, and Jeff Horwitt: Seventy-seven percent of seniors say that young people today have a harder time achieving a secure middle-class than their counterparts did 20 or 30 years ago.
An emotional "class reunion" Thursday as judge realizes she went to middle school with burglary suspect
WASHINGTON -- Over the past year, as his agency was developing a rule to expand overtime pay to more Americans, Labor Secretary Tom Perez met a lot of workers who log brutal hours. Amid all the tales of double shifts and missed timeShow More Summary
The former secretary of labor examines the benefits of a new proposal to raise the overtime threshold
Now that China’s economy has overtaken the US as the world’s largest, worth $17.6 trillion, and improved standards of living have given rise to an emergent middle class with increased spending powers, could it be that we are about to see the dramatic rise of a new breed of Chinese [...]
Russia's middle class reported a positive outlook about the country's well-being for the first time ever in an economic survey published by Sberbank's corporate investment subsidiary.
Here's the startling income figure for America's middle class if it had kept pace with the highest earners
Africa's economy is expected to expand by 50 percent over the next five years, according to a new analysis from Deloitte.1 This explosive growth is driven, in part, by Africa's emerging middle class. Yet despite this progress, many Africans still lack access to essential services like schools, banks and hospitals. While governments [...]
As the 2016 presidential campaign kicks off, the economy is growing and Americans are getting back to work. However, for far too many people plotting a course from the working class to the middle class requires navigating dangerous waters filled with financial icebergs. Show More Summary
The U.S. Department of Labor just proposed raising the overtime threshold -- what you can be paid and still qualify to be paid "time-and-a-half" beyond 40 hours per week -- from $23,600 a year to $50,400. This is a big deal. Some 5 million workers will get a raise. Show More Summary
President Obama announced a regulation to more than double the threshold for overtime pay. How much will this help the American middle class?
Finally, a bit of good news for hard-working Americans.
WHEN THE AVANT-GARDE BECOME GARDE: James Lileks spots the British magazine Standpoint ruminating on the pitiful status of modern art after well over a century of “épater le bourgeois,” or shocking the middle class: The great oaks of Western art were burned to the ground. Today, radical artists are left scouring through the embers, still […]
For the past several decades, the idea that high levels of inequality were good for the economy dominated political and economic thought. Politicians believed the trickle-down theory that enabling “job creators” to get richer would help us all, and economists provided cover for this line of thinking because they thought there was a tradeoff between […]
The 2016-2017 update to the federal college aid formula (Federal Need Analysis Methodology) has been announced, and like recent years it penalizes middle class families even more. For families that save at all, the change in the formula has penalized them by almost $8,000 over four years of college, raising their out-of-pocket cost of college.
Josh Bivens: This wonky-sounding change to overtime regulations could have big ramifications: potentially giving 15 million workers rights to higher pay.
FINALLY, A BREAK FOR THE MIDDLE CLASS The U.S. Department of Labor just proposed raising the overtime threshold – what you can be paid and still qualify to be paid “time-and-a-half” beyond 40 hours per week – from $23,600 a year to $50,400. Show More Summary
The White House's policy would arguably be "the most sweeping policy yet undertaken by the president to assist the middle class."