Economics Archives - Page 11 of 21

Two-Thirds of Middle-Class Americans Struggling Financially-Gasping for Air

Two-Thirds of Middle-Class Americans Are Struggling Financially and ‘Gasping for Air’

In a startling revelation, recent polls and economic data suggest that many middle-class Americans struggle financially, with many finding it increasingly difficult to make ends meet. Fueled by persistent inflation and high interest rates, the cost-of-living crisis has left nearly two-thirds of middle-income households “gasping for air” as they navigate the challenges of an uncertain […]

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Will Grocery Inflation Stop in 2024? What Forecasts Say

Economics / Steve Burns

Grocery inflation has been a significant concern for consumers in recent years, with the pandemic, supply chain disruptions, monetary stimulus, government deficit spending, and other factors contributing to rising food prices. As we look ahead to the rest of 2024, many people wonder whether this trend will continue or if we can expect some relief

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Minimum Annual Income Needed To Qualify As Middle Class In Oregon 2024

Economics / Steve Burns

In 2024, the minimum annual income needed to qualify as middle class in Oregon will be significantly higher than in previous years. As the cost of living continues to rise and the definition of middle-class shifts, it is crucial for Oregonians to understand how these changes impact their financial well-being. This article explores the factors

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Minimum Annual Income Needed To Qualify As Middle Class In Kentucky 2024

Economics / Steve Burns

The “middle class” concept is central to the US economy and society. It represents a segment of the population that enjoys a comfortable standard of living, with access to stable employment, affordable housing, quality education, and healthcare. However, the definition of the middle class varies from state to state. Being middle class in Kentucky has

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10 Jobs That Will Be as Extinct as the Dinosaurs in the 2030s

Economics / Steve Burns

As technology advances at an unprecedented pace, the job market is undergoing a significant transformation. Automation, artificial intelligence, and changing consumer preferences reshape the employment landscape, rendering some jobs obsolete while creating new opportunities. In this article, we will explore ten jobs predicted to become extinct by the 2030s, much like the dinosaurs of the

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How Gas Prices Are Hurting the Middle Class

Economics / Steve Burns

The recent sharp increase in gas prices has significantly impacted consumers across the board, but the middle class is feeling the pinch more acutely than other income groups. There are several reasons why middle-income households are disproportionately affected by rising gas prices. One of the main factors is that they tend to spend a larger

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Minimum Annual Income Needed To Qualify As Middle Class In Louisiana 2024

Economics / Steve Burns

The concept of the middle class is deeply ingrained in the American psyche, representing a lifestyle of relative comfort and financial stability. However, defining the middle class has become increasingly challenging in recent years. The definition of the middle class is influenced by various factors, including income, wealth, education, occupation, and lifestyle. According to a

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10 Fastest-Declining Cities in the US, According to the Data

Economics / Steve Burns

Recent studies have illuminated the cities experiencing the most significant declines across the United States. The ranking below is based on a comprehensive analysis covering 2019 to 2022. It has identified the country’s ten fastest-declining cities based on population change, economic indicators, and housing market trends. Let’s take a closer look at these cities and

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Minimum Annual Income Needed To Qualify As Middle Class In Alabama 2024

Economics / Steve Burns

Defining the Middle Class: Perception vs. Reality Being middle class in America is often associated with a particular lifestyle and financial stability. Most Americans agree that six key factors define being middle class: a secure job, the ability to save money, the capacity to afford an unexpected $1,000 expense, the ability to pay bills on

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