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The median wealth of lower-income households shot up 101% between December 2019 and December 2021, while the middle class enjoyed a 29% increase. Upper-income households saw their net worth rise ...
As the cost of living continues to outpace income growth, many Americans are finding themselves in an untenable squeeze. Rising income inequality, inflation, record corporate profits and the end of...
Middle-class incomes used to provide a comfortable lifestyle. Sticking to a budget could allow families to buy a home, provide three nutritious meals daily -- for all household members -- and even
A new survey from the National True Cost of Living Coalition shows that 65% of Americans who are usually identified as "middle class" (defined as earning more than 200% of the federal poverty ...
The COVID-19 pandemic sent a painful shockwave through both the US and the global economy. Many people were forced to stay home and a record 9.6 million American workers (ages 16 to 64) lost their...
At peak, as many as 25,000 prisoners across the United States tested positive for COVID-19 in a single week. [60] By June 2021 more than 500,000 prisoners had tested positive for COVID-19; [60] and as of December 2021, about 34 of every 100 people in US prisons had been infected with COVID-19, almost 4-times the rate of the national population.
Here’s a look at seven reasons why a middle-class income doesn’t stretch as far as it once did. Consider This: Here’s How Much the Definition of Middle Class Has Changed in the South
The economic policy of the Joe Biden administration, colloquially known as Bidenomics (a portmanteau of Biden and economics), is characterized by relief measures and vaccination efforts to address the COVID-19 pandemic, investments in infrastructure, and strengthening the social safety net, funded by tax increases on higher-income individuals and corporations.