WASHINGTON — A college degree has long been a ticket to the U.S. middle class. It typically confers higher pay, stronger job security, greater home ownership and comparatively stable households. Those benefits have long been seen as worth the sacrifices often required, from deferred income to student debt. Yet college graduates aren't as likely as they once were to feel they belong to the middle class, according to a collaborative analysis of the 2018 General Social Survey by The Associated Press-NORC Center for Public Affairs Research and GSS staff. The survey found that 35% of graduates described themselves as working or lower class, up from just 20% who felt that way in 1983. By contrast, only 64% of college grads say they feel they belong to the middle or upper class. The findings might seem surprising given that the nearly decade-long U.S. economic expansion is on the verge of becoming the longest on record and unemployment is an ultra-low 3.8 percent. Yet the financial … [Read more...] about Many college grads feel their grip on middle class loosening
What income range is middle class
The share of middle-class people is falling across developed nations, from 64 percent of households in the mid-1980s to 61 percent in the mid-2010s.Only 6 of 10 millennials in wealthier countries earn enough to be considered middle class.In the U.S., a single worker must earn roughly $23,000 to $62,000 to be considered middle class.Half of all middle-income households in wealthier countries now struggle to make ends meet.The global middle class is witnessing a historic hollowing out, with younger generations struggling to find their financial foothold in many wealthier countries around the world, including the U.S. Only 6 of 10 millennials earn enough to be considered middle class, compared with 7 of 10 baby boomers at the same age, according to a new report from the Organization for Economic Cooperation and Development. The share of middle-class citizens is falling across developed nations, slipping from 64 percent of global households in the mid-1980s to 61 percent in the … [Read more...] about Millennials are falling out of the U.S. middle class
By Steve Scauzillo | Southern California News Group PUBLISHED: March 2, 2019 at 7:07 am | UPDATED: March 2, 2019 at 7:10 am “Steve, take a look at this,” said my colleague Ralph. On his phone was the announcement electric car aficionados had been waiting for: Tesla was selling a base Model 3 sedan for $35,000. The “secret master plan” of Elon Musk from 2006 had become reality. This is the cheapest base price of any car ever made by Tesla, the Palo Alto-based company with a design center in Hawthorne. Last year prices ranged from $40,000 and up. The base Model 3 travels 220 miles on a charge, goes 0-60 mph in 5.6 seconds and reaches a top speed of 130 mph. The car is 100 percent battery-powered with zero tailpipe emissions. EV fans are going nuts. This is as closest a middle-income person can get to the most advanced clean car technology in the world. Tesla Model 3 = $31,250 in US after US federal tax credit till end of June. Absolutely unbeatable vehicle for … [Read more...] about Will Tesla’s lowest priced Model 3 make EVs affordable to the middle-class car buyer?
By Alyssa Pereira, SFGATE Published 12:04 pm PST, Friday, February 22, 2019 San Francisco Median household income: $96,265 San Francisco Median household income: $96,265 Photo: Gabrielle Lurie / The Chronicle 2018 Photo: Gabrielle Lurie / The Chronicle 2018 Image 1 of / 27 Caption Close Image 1 of 27 San Francisco Median household income: $96,265 San Francisco Median household income: $96,265 Photo: Gabrielle Lurie / The Chronicle 2018 SF households earning up to $192k can still be considered middle class, study says 1 / 27 Back to Gallery Earning a six-figure income in San Francisco? A new study suggests that your household needs to bring in around $200,000 a year before you … [Read more...] about SF households earning up to $192k can still be considered middle class, study says
Nancy Pelosi strode confidently into a Capitol meeting room Thursday, papers in hand and a get-to-work look of determination on her face. She had just finished decisive negotiations to ensure she had the votes in her Democratic caucus to return as House speaker when the 116th Congress begins in January. It was harder this time than when the California representative became speaker in 2007, as the veteran lawmaker this month faced opposition from some younger members who wanted a fresh face or new image for the party. But Pelosi had done it – agreeing to stay in the job four years, unless there was overwhelming support for her to remain further – and this time, the prize was even bigger than when she made history by becoming the first female speaker a decade ago.Pelosi, as leader of the opposition party, arguably will become the most powerful person in the country.Not only will Pelosi head the House chamber that is expected to investigate President Trump and … [Read more...] about Is House Democratic leader Nancy Pelosi the most powerful person in America?