Political Wrinkles  

Go Back   Political Wrinkles > Political Forums > Economics
Register FAQDonate PW Store PW Trivia Members List Calendar Search Today's Posts Mark Forums Read

Economics Discuss Why the middle class canít afford life in America anymore at the Political Forums; In her book, author Alissa Quart lays out how America’s middle class is being wiped out by the cost of ...

Reply
 
Share LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 07-31-2018, 05:02 PM
saltwn's Avatar
PW Enlightenment
 
Join Date: Oct 2007
Location: Esto perpetua
Posts: 82,496
Thanks: 55,866
Thanked 26,417 Times in 18,919 Posts
Send a message via AIM to saltwn Send a message via MSN to saltwn Send a message via Yahoo to saltwn
Default Why the middle class canít afford life in America anymore

Quote:
In her book, author Alissa Quart lays out how America’s middle class is being wiped out by the cost of living far outpacing salaries while a slew of traditionally secure professions — like teaching — can no longer guarantee a stable enough income to clothe and feed a family.
Quote:
“Middle-class life is now 30 percent more expensive than it was 20 years ago,” ... the costs of housing, education, health care and child care in particular. “In some cases the cost of daily life over the last 20 years has doubled.”
Quote:
according to a Pew study, “Before the 2008 crash, only one-quarter of Americans viewed themselves as lower class or lower-middle class. No longer. After the recession of 2008 . . . a full 40 percent of Americans viewed themselves as being at the bottom of the pyramid.”
Quote:
people finding it impossible to make ends meet shouldn’t blame themselves. It’s the system... that’s broken.



Quote:
“The main problem is a basic lack of a 21st century safety net for families,” Quart tells The Post, offering the cost of day care as just one example.

“In Montreal,” where day care is government subsidized, it costs “$7 to $20 a day. That makes a huge difference for families.” Figured annually for 50 weeks a year, five days a week, people in Montreal pay $1,750 to $5,000 per year on child care.
Quote:
By comparison, Quart says that here, “many of the families I spoke to, who were ostensibly middle class, were spending around 20 to 30 percent of their income on day care.” Annual averages in the US range from “$10,468 for a center-based child-care program to $28,905 for a nanny.” According to the Economic Policy Institute, the annual average cost of infant care in New York state is $14,144. The average New York family with just one child pays 21.2 percent of their income on child care. For two kids, that rises to 38.7 percent.
So it costs more for both parents to work but one income will not support a family anymore.
read more

Quote:
“These days, professors may be more likely than their students to be living in basement apartments and subsisting on ramen and Tabasco,” she writes.

At the professorial level, more colleges than ever, driven by bloated administrative bureaucracies, are relying on adjunct professors who receive low wages and no benefits. In the book, Quart cites one survey that found that 62 percent of adjunct professors earn less than $20,000 a year from teaching.
Quote:
According to The New York Times, “10 months after graduation only 60 percent of the law school class of 2014 had found full-time jobs with longtime prospects.”

But those lucky enough to have a job in the field might find themselves needing to drive for Uber as well, since “lawyers may be making one-quarter of what they were making before 2008.”
Quote:
In the book, Quart notes that women’s salaries go down 7 percent for each child they bear and that cases of discrimination against women who become pregnant are on a massive upswing.
Quote:
“There’s a theory called Prisoner of Love, where people who do care work will accept lower wages supposedly because they love the people they’re being paid to care for. So they’re weakened by that, and they’re less part of a marketplace.”
Quote:
As if these problems aren’t worrisome enough, Quart says technology is eliminating or degrading professions at a furious rate that will only increase, as “roughly 30 percent of the tasks within 60 percent of our current American occupations could soon be turned over to robots.”
Quote:
The list of affected professions reads like a broad cross section of America, white-collar and blue-collar alike. Nurses, pharmacists, journalists, truckers, cashiers, tax preparers — very few professions will remain unaffected by advances in technology.
Quote:
The problems have surprised many by reaching into the middle and upper-middle classes. The only people doing well in this economy, writes Quart, are the already wealthy, and our massive levels of income inequality are a significant factor.
well that won't last if nobody can afford their stuff

pretty interesting read, if you have time; looks bipartisan so far.
__________________
Happy 100th Birthday, Lois Dickenson Malone!
Reply With Quote
The Following User Says Thank You to saltwn For This Useful Post:
  #2 (permalink)  
Old 08-01-2018, 07:08 AM
GottaGo's Avatar
Sanity is overrated.
 
Join Date: Aug 2009
Location: Miles to go before I sleep
Posts: 13,190
Thanks: 11,368
Thanked 9,467 Times in 5,847 Posts
Default Re: Why the middle class canít afford life in America anymore

I can afford 'life', and I'm pretty much middle class according to income, with a savings account to boot.

See, that's the thing, most people (and the government) haven't figured out that if you only spend what you receive, you can do fine. It's those who try to make what they've already spent that have a problem.

While people are welcome to live as they wish, I'm pretty tired of hearing some people whine about how expensive 'living' is, when they are getting new cars every couple of years, take vacations in exotic places, have a 2000+ square foot house and all the electronic bells and whistles.

What the real issue is, is people not understanding the difference between need and want.
__________________
Your life is the sum total of the choices you make.
If you don't laugh at yourself, a whole bunch of people will volunteer to do it for you
I never lose. I either win, or I learn....
Reply With Quote
The Following 5 Users Say Thank You to GottaGo For This Useful Post:
  #3 (permalink)  
Old 08-01-2018, 07:15 AM
FrancSevin's Avatar
Runs with scissors
 
Join Date: Mar 2014
Location: St Louis MO
Gender: Male
Posts: 14,495
Thanks: 9,854
Thanked 13,303 Times in 7,292 Posts
Default Re: Why the middle class canít afford life in America anymore

The reason the middle class struggles today versus the 1950's is the burden of taxes and fees on their earnings and lives. As much as 55%.

Mom burned her bra and went to work in the sixties. However, instead of enriching the family it enriched the government.
__________________
I am going to hang a Batman Costume in my closet. .......... Just to screw with myself when I get alzheimer's.
sola gratia, sola fide, sola scriptura.

I AM NOT A REPUBLICAN, I AM A FREEMAN, THE DEMOCRATS WORST NIGHTMARE
Reply With Quote
The Following 2 Users Say Thank You to FrancSevin For This Useful Post:
  #4 (permalink)  
Old 08-01-2018, 08:45 AM
GetAClue's Avatar
PW Enlightenment
 
Join Date: Jan 2011
Location: Northern Ohio
Gender: Male
Posts: 5,874
Thanks: 8,371
Thanked 5,909 Times in 3,389 Posts
Default Re: Why the middle class canít afford life in America anymore

Quote:
Originally Posted by GottaGo View Post
I can afford 'life', and I'm pretty much middle class according to income, with a savings account to boot.

See, that's the thing, most people (and the government) haven't figured out that if you only spend what you receive, you can do fine. It's those who try to make what they've already spent that have a problem.

While people are welcome to live as they wish, I'm pretty tired of hearing some people whine about how expensive 'living' is, when they are getting new cars every couple of years, take vacations in exotic places, have a 2000+ square foot house and all the electronic bells and whistles.

What the real issue is, is people not understanding the difference between need and want.
You beat me too it.

When I was growing up, we didn't have cable TV, computers, the internet or cell phones (had a party line phone for years). We had one TV and only watched it on Saturday mornings (cartoons). I had a hand me down bike and loved it. Instead of being glued to a TV or a cell phone, we went outside, made friends and played, rode bikes, made forts, etc.

You see, we didn't NEED all that other crap. We made due with what we did have and were thankful for it.

In spite of all of these hardships, I survived and would not trade my childhood for what kids are living today. I suspect that these people that feel they cannot live on their wages today, are trying to live beyond their means. That is NOT a failure of our economic system, it is a failure of our Education system.

And who is in charge of our Education system? Look no further than the progressive left that dominates our educational system in this country.
__________________
To argue with a person who has renounced the use of reason is like administering medicine to the dead - Thomas Paine

A lie doesn't become truth, a wrong doesn't become right, and Evil doesn't become good, just because it is accepted by the majority. - Booker T Washington
Reply With Quote
The Following 3 Users Say Thank You to GetAClue For This Useful Post:
  #5 (permalink)  
Old 08-01-2018, 09:34 AM
FrancSevin's Avatar
Runs with scissors
 
Join Date: Mar 2014
Location: St Louis MO
Gender: Male
Posts: 14,495
Thanks: 9,854
Thanked 13,303 Times in 7,292 Posts
Default Re: Why the middle class canít afford life in America anymore

I found out this morning that thanks to the Trump tax cut, my electric bill went down about $6 a month. That's $180 bucks a year. Put a few more "crumbs" like that together and you get a full meal.

Multiply that by the 10 million people served by our power utility and you get a lot of cash staying in the region and not going to Washington.

Now, if we could just get the Federal Government to stop borrowing and then spending what they don't have,,,,, That, however will take and act of Congress.

YEAH, I SAID THAT!
__________________
I am going to hang a Batman Costume in my closet. .......... Just to screw with myself when I get alzheimer's.
sola gratia, sola fide, sola scriptura.

I AM NOT A REPUBLICAN, I AM A FREEMAN, THE DEMOCRATS WORST NIGHTMARE

Last edited by FrancSevin; 08-01-2018 at 09:41 AM..
Reply With Quote
The Following 2 Users Say Thank You to FrancSevin For This Useful Post:
  #6 (permalink)  
Old 08-01-2018, 09:48 AM
GottaGo's Avatar
Sanity is overrated.
 
Join Date: Aug 2009
Location: Miles to go before I sleep
Posts: 13,190
Thanks: 11,368
Thanked 9,467 Times in 5,847 Posts
Default Re: Why the middle class canít afford life in America anymore

Quote:
Originally Posted by FrancSevin View Post
I found out this morning that thanks to the Trump tax cut, my electric bill went down about $6 a month. That's $180 bucks a year. Put a few more "crumbs" like that together and you get a full meal.

Multiply that by the 10 million people served by our power utility and you get a lot of cash staying in the region and not going to Washington.

Now, if we could just get the Federal Government to stop borrowing and then spending what they don't have,,,,, That, however will take and act of Congress.

YEAH, I SAID THAT!
While I agree with your statement, your calculator needs a wee bit of coffee this morning....
__________________
Your life is the sum total of the choices you make.
If you don't laugh at yourself, a whole bunch of people will volunteer to do it for you
I never lose. I either win, or I learn....
Reply With Quote
  #7 (permalink)  
Old 08-01-2018, 10:03 AM
Lumara's Avatar
Belly Dance Queen
 
Join Date: Apr 2015
Location: Great Smoky Mountains
Gender: Female
Posts: 2,756
Thanks: 3,959
Thanked 3,367 Times in 1,658 Posts
Default Re: Why the middle class canít afford life in America anymore

Quote:
Originally Posted by FrancSevin View Post
Now, if we could just get the Federal Government to stop borrowing and then spending what they don't have,,,,,
Trump has talked about returning to the gold standard. Removing that standard is what made sky-high deficits possible. Money is literally being created out of nothing, backed by nothing.
__________________
If Islam is the religion of peace, why is there no peace in the Middle East?

"When the debate is lost, slander becomes the tool of the losers." - Socrates
Reply With Quote
The Following 3 Users Say Thank You to Lumara For This Useful Post:
  #8 (permalink)  
Old 08-01-2018, 10:20 AM
cnredd's Avatar
Administrator
 
Join Date: Oct 2007
Location: Philadelphia
Gender: Male
Posts: 55,614
Thanks: 2,278
Thanked 36,155 Times in 20,626 Posts
Default Re: Why the middle class canít afford life in America anymore

Quote:
Originally Posted by GottaGo View Post
What the real issue is, is people not understanding the difference between need and want.
Quote:
Originally Posted by GetAClue View Post
You see, we didn't NEED all that other crap. We made due with what we did have and were thankful for it.
Both are correct...

First, you hear this...

Quote:
"I'm middle class, and I find it so tough to get by in life."
...and then it's followed by this...

Quote:
I have a Netflix account because my cable only has 250 channels and I can always Uber to a Redbox if my movie isn't available and I use a delivery service for my groceries and I have to use Lyft to pick up my dry cleaning and I can't wait for the new Apple iPhone so I can Amazon Prime quicker"
Priorities are completely distorted...
__________________
"You get the respect that you give" - cnredd
Reply With Quote
  #9 (permalink)  
Old 08-01-2018, 10:39 AM
FrancSevin's Avatar
Runs with scissors
 
Join Date: Mar 2014
Location: St Louis MO
Gender: Male
Posts: 14,495
Thanks: 9,854
Thanked 13,303 Times in 7,292 Posts
Default Re: Why the middle class canít afford life in America anymore

Quote:
Originally Posted by GottaGo View Post
While I agree with your statement, your calculator needs a wee bit of coffee this morning....


Yeah, it's $72 bucks.

Still, it is money staying here.

BTW my power bill at the plant is saving about $60 a month. That will be more than my $180 a year.
__________________
I am going to hang a Batman Costume in my closet. .......... Just to screw with myself when I get alzheimer's.
sola gratia, sola fide, sola scriptura.

I AM NOT A REPUBLICAN, I AM A FREEMAN, THE DEMOCRATS WORST NIGHTMARE

Last edited by FrancSevin; 08-01-2018 at 10:44 AM..
Reply With Quote
The Following User Says Thank You to FrancSevin For This Useful Post:
  #10 (permalink)  
Old 08-01-2018, 11:41 AM
saltwn's Avatar
PW Enlightenment
 
Join Date: Oct 2007
Location: Esto perpetua
Posts: 82,496
Thanks: 55,866
Thanked 26,417 Times in 18,919 Posts
Send a message via AIM to saltwn Send a message via MSN to saltwn Send a message via Yahoo to saltwn
Default Re: Why the middle class canít afford life in America anymore

Quote:
Originally Posted by GottaGo View Post
I can afford 'life', and I'm pretty much middle class according to income, with a savings account to boot.

See, that's the thing, most people (and the government) haven't figured out that if you only spend what you receive, you can do fine. It's those who try to make what they've already spent that have a problem.

While people are welcome to live as they wish, I'm pretty tired of hearing some people whine about how expensive 'living' is, when they are getting new cars every couple of years, take vacations in exotic places, have a 2000+ square foot house and all the electronic bells and whistles.

What the real issue is, is people not understanding the difference between need and want.
and wages have actually gone down and cost of living up. inflation is rampant no matter how they mess with the interest rate.
you're probably not 25-30 with one child and a spouse looking to invest in a starter home.
in fact there really are no starter homes.
just weird
__________________
Happy 100th Birthday, Lois Dickenson Malone!
Reply With Quote
Reply

Tags
afford, america, anymore, canít, class, life, middle, the, why

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Forum Jump


All times are GMT -5. The time now is 02:11 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2020, vBulletin Solutions, Inc.

Content Relevant URLs by vBSEO 3.2.0