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As the wealthy keep spending, here’s why the middle class is in for a tough 2025
Over the last year, middle-income Americans have started to behave more like lower-income consumers, an economist noted. More inflation and a tight job market in 2025 stand to increase pressure on a group that is already financially spread thin.
Measuring the middle class
The middle class is something often talked about, but seldom measured. Recently, government planners have been talking not only about reducing poverty but also about increasing the middle class. I suppose they mainly intend for some formerly poor families to be promoted to the status of middle class (henceforth abbreviated MC).
5 Things the Middle Class Can’t Afford Anymore
In recent years, economic shifts have reshaped the financial landscape for the middle class. From housing to education, many things that were once considered attainable are now out of reach for
3h
Congress Approves Spending Extension, Ending Shutdown Crisis
The Senate passed the measure, sending it to President Biden’s desk, shortly after the midnight deadline for funding to lapse ...
5h
on MSN
House votes to avoid government shutdown by passing spending bill without Trump’s debt ceiling raise
After a week of turmoil, Congress dodged a government shutdown by approving a spending package that would continue government ...
19h
Fact Check: Bipartisan stopgap spending bill did not include 40% pay raise for Congress
A temporary spending bill scuttled by opposition from President-elect Donald Trump would have made U.S. Congress members ...
14h
Meet the 38 Republicans Who Defied Trump on the Spending and Debt Deal
The rebels are largely the most conservative lawmakers who are passionate about slashing spending and debt. They hail from ...
12h
on MSN
Elon Musk Gives Mike Johnson Sigh of Relief by Endorsing New Spending Bill
Elon Musk voiced support for GOP House Speaker Mike Johnson 's latest spending bill on Friday, giving him a sigh of relief ...
11h
on MSN
LARRY KUDLOW: Congressional spending drama is a lesson for the GOP to 'simplify, simplify, simplify'
FOX Business host Larry Kudlow offers his analysis to the GOP on "Kudlow" as lawmakers continue to battle over a spending ...
4h
on MSN
Musk helped kill a congressional spending bill. But much of what he spread was misinformation
President Donald Trump’s billionaire ally Elon Musk used his outsize influence on X to help kill a bipartisan funding ...
20h
on MSN
Republican Spending Bill Proposal Is Amazing for China, and for Musk
The original bill, which was renegotiated after Donald Trump and Elon Musk came out against it, would have prohibited or ...
Yahoo
10h
Trump and Musk ‘bound for collision course’ after losing power struggle over spending bill
After Elon Musk, Donald Trump, and their allies on Capitol Hill derailed a deal to fund the government, Republicans ...
14h
House Republicans weigh new spending bill hours ahead of government shutdown
NBC News' Ryan Nobles reports on the latest developments from Congress as lawmakers continue to work towards a new spending ...
8h
GOP senator on spending bill vote: It’ll be a late night, but we’ll get it done
Ala., discusses the upcoming Senate vote after the House passed the latest spending bill on ‘The Ingraham Angle.’ ...
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