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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
7h
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 ...
1h
on MSN
CNN's Jake Tapper Hits GOP Rep Over Spending Bill Chaos: 'Every Time We Go Through This'
The anchor predicted that Republicans will still have a "problem" when the party controls the House, Senate and White House.
22h
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 ...
13h
on MSN
Congress passes pared-down funding bill after Trump objected to initial bloated spending package
President-elect Donald Trump scored a victory early Saturday when Congress passed a slimmed-down bill to keep the government ...
2h
on MSN
Musk helped kill a congressional spending bill, but much of what he spread was misinformation
President-elect Donald Trump’s billionaire ally Elon Musk played a key role this week in killing a bipartisan funding ...
18h
US consumer spending solid; inflation showing progress as year ends
U.S. consumer spending increased in November amid strong demand for a range of goods and services, underscoring the economy's ...
14h
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 ...
1d
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 ...
17h
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 ...
4h
Pet ownership is up. So is consumer spending on dogs, cats for the holidays.
Pet ownership has skyrocketed in the last three decades. Here's why we are willing to spend so much of our paycheck on them.
21h
on MSN
House Approves GOP's 11th Hour Spending Bill Narrowly Avoiding Government Shutdown
The House of Representatives has approved the GOP's eleventh hour new spending bill, narrowly avoiding a government shutdown.
8h
on MSN
How a Routine Spending Bill Turned Washington Upside Down
President-elect Donald Trump hoped for a smooth transition to the White House. Then GOP divisions burst into public view.
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