Since 2011, the share of middle-class Americans has reportedly inched up just 1%. Though many more people self-identify as middle-class, just over half of Americans would qualify based on their income. According to the Pew Research Center, 52% of American adults are in middle-class households as of 2016, with a median income of $78,442. For a family of three, a middle-class income can be anywhere between $45,195 and $135,585. While the size of the middle class hasn’t changed much in recent years, for the four decades prior, Pew reports that it fell steadily from 61% to 51%. And the middle class hasn’t seen gains in income comparable to those seen in upper income households. Today, as housing and education costs balloon, many Americans are feeling the squeeze. Middle-class families in 2019 are far less secure in their ability to live comfortably while also buying a home, providing for their children, and saving for retirement. Of course a six-figure income … [Read more...] about What “middle-class” looks like in 4 U.S. cities
What does split ends look like
Hillary Hoffower, provided by Published 8:55 am CDT, Saturday, April 6, 2019 Scott Dudelson/Getty Images Rich millennials are giving the luxury world a facelift. Like other millennials, they spend on experiences — but they're opting to pay for VIP treatments and customization. In luxury fashion, rich millennials are reinventing the meaning of expensive sneakers and streetwear. Visit Business Insider's homepage for more stories. Rich millennials' spending habits are turning the luxury sector on its head. Like the rest of their generation, rich millennials prefer to spend on experiences — but unlike the rest of their generation, they pay extra to heighten these experiences with VIP treatments and customization. Rich millennials are also creating new trends and status symbols, namely expensive sneakers and streetwear, the latter of which has become entwined with luxury fashion. This is largely due to the role of social media — as more … [Read more...] about Rich millennials are creating new trends and status symbols — here are 7 ways they’re redefining what luxury looks like
British Prime Minister Theresa May sent a three-page letter to opposition leader Jeremy Corbyn on Sunday night calling for further negotiations on her Brexit deal. May’s Brexit deal was rejected by MPs in the House of Commons by 432 votes to 202 on 15th January with 118 MPs in her own Conservative Party rejecting the plan. Following her defeat, May had meetings with members of several opposition parties including the Northern Irish Democratic Unionist Party (DUP), which props up her minority government, and Remain-supporting factions of Corbyn’s Labour party. Corbyn initially refused to meet with May to discuss a compromise in the wake of the vote but they later met for one-on-one talks at the end of last month. Last week, Corbyn wrote a letter to May saying he will support her Brexit deal if she agrees to make five legally binding commitments: • Remaining part of a customs union with the EU • Staying closely aligned to the Single Market • Maintaining … [Read more...] about Brexit guide: what does Theresa May’s letter to Jeremy Corbyn mean?
Hilary Brueck, provided by Published 7:03 am PST, Saturday, February 2, 2019 AP Photo/Gene J. Puskar Punxsutawney Phil (pictured above) gets the spring forecast right about 30% of the time on Groundhog Day. That's worse than flipping a coin. The bonafide long-range forecasters with the National Weather Service say they're getting better at predicting long-term trends. Their success rate is about 70%. This coming spring is looking balmy for most of the country. On Saturday morning, Punxsutawney Phil popped out in Pennsylvania and delivered his annual prediction for when winter will end. After nosing around, shaking his fur and ignoring his shadow, he proclaimed spring will come early this year. Phil's handlers, dressed in black top hats and overcoats read the groundhog's "prediction scroll." "Here is my forecast: faithful followers, there is no shadow of me, a beautiful spring it shall be!" Phil pronounced. In New York City, Staten Island Chuck likewise declared … [Read more...] about Punxsutawney Phil predicted an early spring — here’s what spring will actually be like, according to a meteorologist
It’s official: the delayed parliamentary vote on Prime Minister Theresa May’s initial Brexit deal with the European Union is now scheduled for Jan. 15. May has had a brutal couple of months, culminating in a no-confidence vote spurred from within her own Conservative Party last December, which put her in a weaker position than at any other time during her premiership. She even received the dreaded Kate McKinnon treatment on Saturday Night Live, showing just how deeply her predicament has penetrated the news zeitgeist. But May’s troubles don’t end there, and what will happen next week when she faces Parliament is anybody’s guess. European Commission President Jean-Claude Juncker has said there is no room to renegotiate a new deal and told the UK to “get its act together” ahead of the January vote; the long-term question of how to avoid a hard border between the Republic of Ireland and Northern Ireland continues to be a sticking point, with … [Read more...] about What’s Worse Than Brexit? This.