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Middle Class

The Future of the Democratic Party

Gov. Jack Markell | Posted 12.18.2014 | Politics
Gov. Jack Markell

We need to prepare our people and our businesses to prosper in a world where businesses have more choices than ever before about where to hire and where computers are increasingly doing the work of laborers.

The High Costs of Status Seeking

Wray Herbert | Posted 12.10.2014 | Science
Wray Herbert

What is the psychosocial link between income gaps and societal dysfunction?

How Globalization Changed America in 2014, and What It Might Mean for 2015

Edward Goldberg | Posted 12.19.2014 | Politics
Edward Goldberg

It is the season of lists: best movies, best books, and so on. I thought I should continue a tradition I started several years ago of creating a different type of list: a geo-political-economic list -- a list of the globalization top five from an American perspective.

Child Care And Education Costs Are Off The Charts. Literally.

The Huffington Post | Emily Cohn | Posted 12.03.2014 | Business

The costs of educating and caring for children just keep soaring. Just check out this chart from a recent Brookings Institution analysis of consume...

Middle Class 'Chasm' Increasing Due to Mortgage Regulations

Lorrie Febus | Posted 12.01.2014 | Business
Lorrie Febus

Owning a home is a primary value of the middle class. The mortgage regulations that went into effect earlier this year are making it harder for many to get approved for home loans.

Thankful for an Income, Hoping for Equality

Nick Desai | Posted 11.27.2014 | Politics
Nick Desai

As most of us prepare to feast on a cornucopia of lovingly prepared foods, I am acutely aware that the basic necessity of a living wage eludes millions here in America and billions more around the world. For those mired in wretched poverty, Thanksgiving is just another Thursday where they try to eek out just enough to survive.

The Rich Are Getting Richer; 7 Secrets to Their Success

Steve Siebold | Posted 11.21.2014 | Money
Steve Siebold

In my 30 years of interviewing more than 1,200 of the world's wealthiest people, I've found some major differences in how the wealthy approach money compared to the middle class.

Revealed: Rising Inequality Kills American Jobs

Lynn Parramore | Posted 11.21.2014 | Business
Lynn Parramore

Barry Z. Cynamon and Steven M. Fazzari are exploring how the massive debt which led to the Great Recession, the spending collapse that followed, and the stagnation that persists are all linked to income inequality. In this interview, they discuss what their findings mean for America.

As America Becomes More Diverse, Lending Barriers to Minority Homeownership Demand Serious Leadership

Garrick T. Davis | Posted 11.19.2014 | HuffPost Home
Garrick T. Davis

Recently released mortgage disclosure data findings indicate that a majority of future U.S. households could face significant challenges in achieving homeownership.

Where Is Homeownership Within Reach Of The Middle Class And Millennials?

Jed Kolko | Posted 11.18.2014 | Business
Jed Kolko

Despite high household incomes, San Francisco is the least affordable metro, with just 15% of homes within reach of the middle class. Affordability has deteriorated over the past year in Austin and Miami. The most affordable markets are near the Great Lakes.

A Tax System That Works for Donald Trump (and Nobody Else)

Duncan Hosie | Posted 11.17.2014 | Politics
Duncan Hosie

Conservatives claim Mayor de Blasio wants to redistribute income. Yet unregulated market forces are already redistributing income in New York, as wealth trickles up from the middle and working class to the rich.

Friday Talking Points -- A Democratic Economic Platform for Next Time

Chris Weigant | Posted 11.07.2014 | Politics
Chris Weigant

Republicans in Congress just won a smashing electoral success by essentially doing nothing but mercilessly block Obama's agenda. That, to put it another way, is a winning formula for them with their base voters.

How To Take Back Democracy On November 4th

Sean McElwee | Posted 10.31.2014 | Politics
Sean McElwee

he fight against inequality will be a long one, but the first step is turning out to vote -- the most radical step one can take in our country is actually believing democracy is more than just an idea.

The Ballot Box Is the Great Equalizer for Workers

James P. Hoffa | Posted 10.31.2014 | Politics
James P. Hoffa

American workers are facing significant challenges. Whether it's low pay, a system that favors corporations over citizens, a gender wage gap, the effects of unfair trade or a voting system that hampers the most disadvantaged among us, these problems are real. But will those affected the most bother to do something about it?

How Rich Are the 400 Richest Americans and How Do They Use Their Money?

Lawrence Wittner | Posted 10.27.2014 | Money
Lawrence Wittner

Not surprisingly, economic inequality is growing in the United States. From 1978 to 2013, CEO compensation, inflation-adjusted, grew by 937 percent, while the typical worker's compensation over that same period grew by only 10 percent.

Early Influences Can Open Up the Future

Jack Nadel | Posted 10.24.2014 | Small Business
Jack Nadel

Entrepreneurs not only provide us with critical innovation and keep us at the forefront of global markets, they also create ways to gain financial independence. So why has the percentage of start-ups in the U.S. dropped significantly in the last 35 years?

Income Inequality Got You Down? Do Something About It!

Steve Siebold | Posted 10.23.2014 | Small Business
Steve Siebold

The wealthy continue to see significant income and wealth gains while the majority of people are experiencing stagnant living standards. Income inequality is one of the most significant financial stories right now, and there's no end in sight.

The Bill O'Reilly/Jon Stewart Brouhaha: Denial Is a River in the Right-Wing Mind

Andy Schmookler | Posted 10.20.2014 | Media
Andy Schmookler

People like Bill O'Reilly call upon people to raise themselves up while helping keep a foot on their necks.

Recovery of the Rich, By the Rich, For the Rich -- Recession for Everyone Else

Anthony W. Orlando | Posted 12.17.2014 | Politics
Anthony W. Orlando

Officially, the recession ended five years ago. But there's something the financial newscasters don't tell you: Unless you're rich, those numbers don't apply to you.

Do The Hustle: Payday Lenders and Their Victims Dancing To Lose

Lillian D. Singh | Posted 12.15.2014 | Impact
Lillian D. Singh

Academics and industry spokespersons quibble over whether the payday customer base is really middle class or simply the working poor. Such pedantic squabbling misses the big picture. More and more families are living on the edge.

The People v. Goliath$

Paula Gordon | Posted 12.15.2014 | Politics
Paula Gordon

If money can buy elections, Montana's Senate race ended August 7 when the Democrat's candidate resigned. If a vibrant young working class candidate can corral the democratic process sufficiently, it began August 16.

WATCH: Restoring an America That Has Lost Its Way

Bill Moyers | Posted 12.14.2014 | Politics
Bill Moyers

Author Bob Herbert found an America in which jobs have disappeared, infrastructure is falling apart and the "virtuous cycle" of well-paid workers spending their wages to power the economy has been broken by greed and the gap between the very rich and everyone else.

Teach Your Kids How to Become Rich

Steve Siebold | Posted 12.10.2014 | Business
Steve Siebold

Even parents who have not been the most financially successful can set an example by continuing to try and teach their kids about failure and success.

What Would the Last 50 Years Look Like Without Rapidly Growing Inequality?

Sean McElwee | Posted 12.10.2014 | Politics
Sean McElwee

The rich won't be so easy to persuade -- in a massively unequal society, even modest economic growth still benefits economic elites. Don't worry about growth, worry about inequality.

Will the Obama Administration 'Passively' Let More Jobs Go Offshore?

Scott Paul | Posted 12.09.2014 | Politics
Scott Paul

There's an international policy matter on which the administration has been far too passive, and its inaction may be dooming the productive sector of the economy -- not to mention the American middle class -- to a fate it doesn't deserve. I can sum it up in two words: currency manipulation.