middle class - NewBostonPost

boston

Middle-income families disappearing in cities including Boston

WASHINGTON (AP) — In cities across America, the middle class is hollowing out. A widening wealth gap is moving more households into either higher- or lower-income groups in major metro areas, with fewer remaining in the middle, according to a report released Wednesday by the Pew Research Center.

Massachusetts

Middle-income families shrink most in RI, Maine, studies say

Two New England states top the list of those where the middle class is declining, according to a study by 24/7 Wall St. published recently by USA Today.com. The study, based on income earned before taxes by the middle 20 percent of earners in each state, ranked Rhode

new hampshire

Sanders, now a contender, still preaches revolution

MASON CITY, Iowa (AP) — Bernie Sanders' stump speech offers "radical" ideas and a voice rising in outrage as he describes the plight of a disappearing middle class, retirees scraping by on meager Social Security payments and recent college graduates struggling with debt. But the Vermont senator now

economy

Minimum wage dishonesty

Michael Hiltzik, a columnist and Los Angeles Times reporter, wrote an article titled "Does a minimum wage raise hurt workers? Economists say: We don't know." Uncertain was his conclusion from a poll conducted by the Initiative on Global Markets, at the University of Chicago's

Barack Obama

‘Cadillac tax’ runs over the middle class

Have you heard of the "Cadillac tax?" Despite the clever phrasing, it's not a luxury automobile tax aimed at the wealthiest 1 percent. The Cadillac brand has long been associated with affluence. In the 1950s and 1960s, owning a Cadillac signaled that a person had climbed

money

N.Y. Fed: Correlation between spiraling tuition costs and rising federal aid

There's a direct connection between increases to federal student aid and the skyrocketing costs of college tuition, according to a study released by the nonpartisan Federal Reserve Bank of New York. The report examined three aid programs: Federal Direct Subsidized Loans, Federal Direct Unsubsidized Loans and Pell Grants,