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The good news is that there are easy ways to set goals and move yourself into the middle class. Education is the most significant way to make the shift in both income and skill development.
The average cost of college tuition continues to rise. For private colleges, the cost rose by 4% over the last academic year — it’s now $42,162 — and tuition for in-state students at public ...
With numerous industries struggling to find workers, a college tuition perk can play a dual role as both a recruiting tool for companies and a stepping stone for workers to move out of low-wage ...
According to a 2021 Pew Research study that classifies adults as middle class if they belong to a household with income between 2/3 and 2x median household income ($52k-$156k for a household of three), the percentage of Americans in the middle class declined from 61% to 50% over the previous five decades (1971-2021) with 4% moving down into the ...
According to the Pew Research Center, approximately half of all American households are considered to be part of the middle class. This equates to roughly 165 million people. Typically, people in ...
The Center for American Progress reported in September 2014 that the real (inflation adjusted) cost of higher education for middle-class families had risen by 62% between 2000 and 2012. [1] Two out of three college graduates begin their careers with student loan debt, amounting to $19,300 for the median borrower.
Another way to say this is that whereas medical costs inflated at twice the rate of cost-of-living, college tuition and fees inflated at four times the rate of cost-of-living inflation. Thus, even after controlling for the effects of general inflation, 2008 college tuition and fees posed three times the burden as in 1978.
A “middle-class lifestyle” is out of reach for many Americans, as many middle-income households live paycheck to paycheck and can’t afford a house or a summer vacation.