{"id":359207,"date":"2018-05-01T12:37:13","date_gmt":"2018-05-01T11:37:13","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/the-middle-class-lewrockwell\/"},"modified":"2018-05-01T12:37:13","modified_gmt":"2018-05-01T11:37:13","slug":"the-middle-class-lewrockwell","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/newswire\/the-middle-class-lewrockwell\/","title":{"rendered":"The Middle Class – LewRockwell"},"content":{"rendered":"
\n\t\t\t\t\t\t\t \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

If you\u2019ve noticed that it takes a lot more money to live the middle-class American Dream than it used to, you aren\u2019t alone. Buying a house, saving for retirement, and putting your kids through college while living comfortably is a whole lot harder than it once was. Being part of the middle class sure isn\u2019t what it used to be.<\/p>\n

Despite the rosy outlook on employment numbers, things have become incredibly difficult for many families. They\u2019re deeply in debt, living paycheck to paycheck, and without an emergency fund. Let\u2019s take a look at what the media is saying about the middle class.<\/p>\n

First of all, what IS \u201cmiddle class\u201d?<\/strong><\/p>\n

There are many different definitions of middle class, and a lot of it depends on where you live. \u201cEasy,\u201d you may be thinking. \u201cJust live somewhere with a lower cost of living.\u201d Unfortunately, it isn\u2019t that easy, because when you move to an area with a lower cost of living, you\u2019re likely to get paid less for your occupation.<\/p>\n

Once upon a time, the middle class was the largest group of Americans. Now,\u00a0according to the Pew Research Group<\/a>, it is closely matched by people in the low-income class and the high-income class. The image below shows the stats for 2014.<\/p>\n

\"\"<\/a><\/p>\n

Photo Credit: Pew Research Group<\/a><\/p>\n

According to Quentin Fottrell, the personal finance editor for MarketWatch, \u201cmiddle class\u201d is tough to define:
\n\"\"<\/a><\/span><\/span>
\nThe Prepperu2019s Cann…<\/a><\/span><\/span>
\nDaisy Luther<\/span>
\nBest Price: <\/span>$8.58<\/span><\/span>
\nBuy New <\/span>$10.40<\/span><\/span>
\n(as of 12:45 EDT – Details<\/span>)<\/span><\/span>
\n<\/a><\/span>
\n<\/span><\/p>\n

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There is no universal definition of the middle class. The Pew Research Center often uses the middle wealth quintile, the middle 20% of Americans\u2019 income and wealth. Other economists have said it\u2019s defined as making 50% above or below the median annual income. Most Americans regard a college…<\/p>\n<\/blockquote>\n<\/div>\n

Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

If you\u2019ve noticed that it takes a lot more money to live the middle-class American Dream than it used to, you aren\u2019t alone. Buying a house, saving for retirement, and putting your kids through college while living comfortably is a whole lot harder than it once was. Being part of the middle class sure isn\u2019t […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-359207","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/359207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=359207"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/359207\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=359207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=359207"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=359207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}