A new outlook issued Wednesday by the International Monetary Fund drew some startling conclusions about the U.S. economy. The report asserts that the American middle class is gradually shrinking, the seven-year economic recovery is starting to slow and the pronounced…
Aaron and Mary Murray are middle-class Americans, but they don’t feel like it: though the two teachers make a combined $90,000 a year, they still live paycheck-to-paycheck. Even something as mundane as a stranger accidentally sideswiping their car can put…
By PBS NewsHour
Could you come up with $2,000 in 30 days if you had to? As many as 40 percent of American families can’t, despite the improving economy. Among them is Neal Gabler, who is frequently broke despite his successful career as…
By Kristen Doerer
Last week, the Obama administration unveiled new overtime regulations that would double the salary threshold that automatically entitles workers to overtime pay to $47,476.
By Kristen Doerer
If you’re a salaried employee who makes under $47,476 a year, you will now be paid time and a half for every hour you work over 40 hours a week.
The middle class has taken center stage in this election cycle, and it turns out there are increasingly fewer Americans who qualify. A new Pew analysis finds their ranks have shrunk since 2000 and that in at least 160 metro…
By Laura Santhanam
Over the last two decades, the U.S. middle class shrank across much of the country as income inequality grows nationwide.
By Gerald Jaynes
"Mainstream America" is a flawed, dangerous idea.
The establishment was good at making big promises, but in the end, they left few crumbs on the table for the middle class.
By Charles Murray
A handful of ZIP codes illustrate how very differently Minneapolis-St. Paul and the Washington metropolitan area have organized into elite enclaves.
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