America’s middle class has been shrinking for the past 50 years. While middle class Americans remain the biggest income group by number of people, the same can’t be said of the aggregate income earned by them.
Newsfeed: How America’s Middle Class Is Shrinking Read More »
Rent prices in the U.S. are rising at the fastest pace in decades, slamming U.S. households across the country, according to data from the Bank of America Institute.
Newsfeed: Surging rents squeezing middle-class Americans the hardest, study shows Read More »
A little over a month ago, when mortgage rates were still “only” 5% we shared several devastating anecdotes from real estate agents and industry execs who validated our worst fears: US housing was imploding… fast, with subsequent observations only confirming this dire conclusion about the state of the most popular asset class among the US middle class.
After dismal earnings by such mammoth retailers as Walmart, Targets and this morning’s “horror report” by Abercrombie and Fitch, on Tuesday afternoon we actually got a solid report by Nordstrom, which not only printed strong earnings but also hiked guidance sending the stock higher as much as 12%.
Newsfeed: US Middle Class Is Shutting Down As Spending By The Rich Remains Robust Read More »