2 chapters across the catalog
Middle Class Financial Struggles, $350,000 Salary Budget Analysis
A CNBC article based on US Census Bureau data suggests that a $350,000 annual salary barely qualifies as middle class in major hubs like New York City and San Francisco. The analysis of a family of four shows that after expenses for housing, cars, and childcare, only $121 in monthly cash flow remains.
The entry of 50% more of the population (women) into the workforce is argued to have devalued the individual worker, making it nearly impossible to run a household on a single income. The hosts suggest that this economic shift benefited the elite by providing a larger pool of cheap labor. They also discuss the rise of "fur babies" (pets) as a substitute for children among young couples who feel they cannot afford to start a family.
