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Tuesday, July 31, 2018

It’s 30% More Expensive to Live a Middle-Class American Life Than It Was 20 Years Ago

https://www.marketwatch.com/story/americas-middle-class-is-slowly-being-wiped-out-2018-07-23?mod=newsviewer_click&link=sfmw_tw

Barry’s wife, Nicole, teaches as well — they each earn $69,000, a combined salary that not long ago was enough to afford a comfortable family life. But due to the astronomical costs in his area, including real estate — a 1,500-square-foot “starter home” costs $680,000 — driving for Uber was a necessity.
“Teachers are killing themselves,” Barry says in Alissa Quart’s new book, “Squeezed: Why Our Families Can’t Afford America” (Ecco), out Tuesday. “I shouldn’t be having to drive Uber at eight o’clock at night on a weekday. I just shut down from the mental toll: grading papers between rides, thinking of what I could be doing instead of driving — like creating a curriculum.”

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