Eighty-five percent of the middle class say their standard of living is harder to maintain than it was a decade ago. This is due, in large part, to the fact that a middle class job often no longer supports a middle class life.
Namely, their incomes have not kept pace with the costs of the four big tickets that we contend are the price of admission into the middle class: college for kids, a home, health care coverage, and savings needed for retirement. Understanding what has happened to these big tickets to the American Dream is, in our view, the cornerstone to building a new compact.
Chosen excerpts by Job Market Monitor. Read the whole story at A Middle Class Job No Longer Supports a Middle Class Life.
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