#middle-class

#middle-class

A nerdy economics essay recently went viral. It asserted that the federal measure for the poverty line was woefully outdated and that for a family of four, the income needed today to function in American society was $140,000. The essay, by Michael Green, a financial market strategist, struck a nerve and set off another round of debate about affordability, focused this time on whether people with six-figure incomes should feel strapped.

Although the U.S. and China have agreed not to escalate their trade war, Trump's blanket tariffs and the rest of his America First agenda remain in place, and many economists are despairing about the demise of an open trading system that they regard as a key driver of prosperity. But Rodrik, who shot to prominence in the nineteen-nineties as a critic of the untrammelled globalization that helped give Trump his start in Presidential politics, is more upbeat.

The August jobs report showed a further cooling of the labor market in 2025 and is consistent with what many businesses have been saying since the spring: It's tough to operate and plan for future hiring under a cloud of tariff-related uncertainty, high interest rates, and mercurial consumers, who may retrench their spending. As a result, many companies have put hiring plans on hold, though there is no evidence of widespread layoffs permeating throughout the broader economy.

Daniel Currell's guest essay in The New York Times shows how Walt Disney World Resort has evolved from an accessible "all-American vacation" to a luxury experience targeting high-net-worth households. Wealthy visitors can pay for premium passes that let them bypass lines; one tech executive quoted in the article experienced 16 attractions in seven hours. Meanwhile, Scarlett Cressel, a bus driver who could not afford to pay for special ride reservations and other perks, managed nine attractions over 14 hours.

A few days ago, my partner and I received a shopping voucher worth 500K rupiah ($30). At first, it felt exciting. We already had a plan: both of us needed new denim pants, and this voucher would cover it. We agreed on one rule, the total spend shouldn't go beyond 20% above the voucher's value. Simple enough, right? Two days later, after walking through malls, checking store after store, and chasing discounts, we found ourselves exhausted and frustrated.

Delaware's median home price of $369,900 makes it one of the rare locations where middle-income Americans can still afford a home in today's market.

In Florida, you can snag a single family home for the median price, but it won't be huge at $399,900. It really just depends on the area.

For the middle class, this is a real win, especially in a state like New York... my constituents suffer the highest taxes in the country between property and income rates.

The problem with even a TINY' tax increase for the RICH, which I and all others would graciously accept in order to help the lower and middle income workers, is that the Radical Left Democrat Lunatics would go around screaming,'Read my lips,' the fabled Quote by George Bush the Elder that is said to have cost him the Election.

According to Time, Trump made his comments on Tuesday. A day later, it appeared the president had drastically changed his tune on the subject.

The conversation about inheritance with children is vital, yet challenging, as it reveals family financial realities and prepares them for future responsibilities.