The realtor.com data team set out to find the markets with the highest share of homes that a middle-income family could reasonably afford to purchase. Lance Lambert, provided by Published 5:00 am CST, Monday, November 12, 2018 Photo: IStock; Realtor.com Photo: IStock; Realtor.com Image 1 of / 1 Caption Close Image 1 of 1 Photo: IStock; Realtor.com 10 Surprising Cities Where a $60K Middle-Class Salary Can Snag a Sweet Home 1 / 1 Back to Gallery Can America's stressed-out, fought-over, cash-strapped middle class still afford to buy homes? That's the megamillion-dollar question these days. Because while the economy is strong and wages are rising, these gains are being left in the dust by runaway home prices. Combined … [Read more...] about 10 Surprising Cities Where a $60K Middle-Class Salary Can Snag a Sweet Home
Middle class family house designs
With college prices in the hundreds of thousands of dollars, more middle-class families are looking for ways to spend less for quality education. By KYLE SPENCERAPRIL 5, 2018 Continue reading the main story Share This Page Continue reading the main story PASADENA, Calif. — When top students from the sun-dappled suburbs that surround Pasadena, Calif., graduate from high school, they are expected to go to colleges that are prestigious, pricey and often far away. Last year, seniors from La Cañada High School, one of the highest rated in the state, fanned across the country to M.I.T., the University of Michigan and Yale.But 18-year-old Annie Shahverdian, the daughter of a commercial real estate agent and a nursing administrator, started her higher ed journey closer to home, 15 minutes down the road at the local community college. To save money, she is planning to spend two years at Pasadena City College, a two-year public institution, before heading to what she hopes … [Read more...] about Middle-Class Families Increasingly Look to Community Colleges
REPUBLICAN REBOOT – “Ryan, Rubio plot GOP's path,” by James Hohmann: “Paul Ryan took an unmistakable shot Tuesday at Mitt Romney’s assertion that 47 percent of Americans would never vote Republican … ‘Both parties tend to divide Americans into “our voters” and “their voters,”’ the Wisconsin congressman told hundreds of well-to-do conservatives at [the Jack Kemp Foundation] awards dinner … ‘Republicans must steer far clear of that trap. We must speak to the aspirations and anxieties of every American. I believe we can turn on the engines of upward mobility so that no one is left out from the promise of America.’ … At a dinner to honor his mentor Jack Kemp, Ryan had nothing but positive words for the ‘good man’ who elevated him to the top of the heap of contenders likely to seek the Republican nomination in 2016. But he left no doubt that he would have done things differently … [Read more...] about DEMS COVET OBAMA DATABASE — NEW FOCUS FOR GOP: Ryan addresses poor, Rubio aims at middle class — Rubio, Bob Woodward headline Playbook Breakfast
Chief White House economic adviser Gary Cohn on Thursday said he "can't guarantee" taxes won't go up for some middle-class families, even though he said the White House's new tax proposal is "purely aimed at middle-class families." "I can't guarantee anything. You can always find a unique family somewhere," Cohn told ABC's George Stephanopoulos in an interview that aired on "Good Morning America," noting a family of four earning $55,000 could expect to see a tax decrease between $650 and $1,000, but acknowledging there are always exceptions to any rule. Cohn later dodged a pointed question from Stephanopoulos as to whether he could guarantee President Trump wouldn't see a tax cut under the plan, instead saying the plan is aimed to benefit the country as a whole. Mr. Trump has declined to release his tax returns, so it's difficult to judge how the plan would affect him exactly, but he is likely to benefit from the proposed elimination of the Alternative Minimum Tax and … [Read more...] about CBS News Logo Gary Cohn “can’t guarantee” middle-class families won’t pay more taxes
In America, the middle class has failed to enjoy the same growth in income as the country's top 1 percent of earners. But what would have happened if every household on Main Street had enjoyed the same income growth as the country's top 1 percent? The result: the typical American middle-class household would be earning $156,318, or more than double its actual current average household income of $73,391, according to data from the left-leaning think tank Economic Policy Institute. (The EPI considers the middle class to between 20 percent to 80 percent of the country's income range.) Some might scoff at the unlikelihood of the typical middle-class American household earning that much, but the calculation is designed to underscore how the fortunes of the country's top 1 percent have deviated so drastically from everyone else's. While it's not a new phenomenon, since the top 1 percent started to pull away from the rest of America's earners in 1980, that pattern has only accelerated. The … [Read more...] about What if the middle-class kept up with the top 1 percent?