Are you still in the middle class in California?
The study found that since 2020, inflation has surged substantially, peaking at 9% in June 2022. Some families that were middle class in 2020 may no longer be in that category, data showed.
Rust added that the shrinking of the middle class is the result of the polarization of where growth is coming from, nothing that while some people are falling out of the middle class into the lower class, some are also moving into the upper class."Another important factor to consider is the aging population of the U.S.," he said. "Normally, retirees live off savings and generate little income.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
You need to make this much to be 'middle class' in California, data showsAre you still in the middle class in California?
Read more »
Most California voters oppose cash reparations for slavery, poll findsA new poll finds a majority of California voters oppose cash payments to the descendants of enslaved African-Americans. The findings highlight the political headwinds facing reparation efforts.
Read more »
Trabajadores de comida rápida en California tendrán salario mínimo de 20 dólares por horaLa mayoría de los trabajadores del sector de la comida rápida de California recibirán un salario mínimo de 20 dólares por hora a partir del próximo año — un aumento de casi 5 dólares por hora —, según un acuerdo dado a conocer el lunes por sindicatos y la industria, el cual evitará un costoso…
Read more »
California fast food workers to get $20 minimum wage under new dealThe mandatory raise would apply to all fast food restaurants in California that are part of a chain with at least 60 locations nationwide. It would start April 1.
Read more »
Laurie Strode’s House From ‘Halloween' Is For SaleThe California home was the Strode home in the 1978 movie.
Read more »
Hydrogen-Powered BMW iX5s Prove A Hit In California, Germany, And The Middle EastBMW is aiming to offer a hydrogen-powered car to consumers before the end of the decade
Read more »