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The United States is seeing its highest “quit rate” since the government started keeping track two decades ago. Bill Whitaker speaks with employers who are scrambling to find help and people who left their jobs and aren’t looking back.
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The middle class was once a symbol of the American dream. It meant financial security and an opportunity for a better future. But that portrait of the American middle class is quite different today. A survey in 2018 found that a third of middle-income adults don’t have as much as $400 to cover an unexpected expense. And while the middle-class lifestyle grows more expensive and uncertain, it’s also moving beyond the reach of younger generations.
“It was at least a secure category,” said Alissa Quart, author of ‘Squeezed: Why Our Families Can’t Afford America,’ [but] there are certain kinds of assumptions around being a middle-class person” that have “shattered” over the past 10 to 15 years.
Some middle-income households and experts believe a lack of supporting policies might be to blame for the drastic changes.
“There is no help whatsoever,” according to Chantal Jacob, a middle-income parent from suburban Texas. “There’s no policy in place to assist people. And I feel like as soon as you get a job, as soon as you’re working, they’re just like, ‘That’s all you need, a job. You got it, go forth and have at it.’ ”
Lawrence Mishel, a distinguished fellow at the Economic Policy Institute, shares that sentiment. “It’s not that the economy got worse, it was that there were policy decisions made so that the economic growth did not filter down to the vast majority.”
The Biden administration has been pushing for several bills aimed at supporting middle-income households, including the $1 trillion bipartisan infrastructure legislation passed in November 2021 and the Build Back Better Act currently stalled in Congress. But observers say it might not be enough to save the middle class from economic hardship now and in the future.
“My friends that were struggling are still struggling,” said Jacob. “I’m still budgeting down to every dollar trying to get things done. So I just feel like if the changes are happening, they’re not trickling down fast enough for us to see the effects of it.”
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Why The Middle-Class Is Disappearing
India abstained from voting on a United Nations Security Council resolution that would have condemned Russia's actions in Ukraine to appease Moscow out of concerns over China. #FoxNews
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FOX News Channel (FNC) is a 24-hour all-encompassing news service delivering breaking news as well as political and business news. The number one network in cable, FNC has been the most-watched television news channel for 18 consecutive years. According to a 2020 Brand Keys Consumer Loyalty Engagement Index report, FOX News is the top brand in the country for morning and evening news coverage. A 2019 Suffolk University poll named FOX News as the most trusted source for television news or commentary, while a 2019 Brand Keys Emotion Engagement Analysis survey found that FOX News was the most trusted cable news brand. A 2017 Gallup/Knight Foundation survey also found that among Americans who could name an objective news source, FOX News was the top-cited outlet. Owned by FOX Corporation, FNC is available in nearly 90 million homes and dominates the cable news landscape, routinely notching the top ten programs in the genre.
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We've talked about inflation a lot lately and how it's at a 40-year high. But rising rents are a part of that calculation. In many places around the country, rents have been climbing for months, far above the lows of the pandemic. And it's not only happening in the largest cities. Our community correspondents in New Orleans, Fresno, California and St. Louis have the story.
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Former Speaker of the House Newt Gingrich joined 'Fox & Friends' to discuss the relationship between China and Russia and President Biden's trip to Europe. #FoxNews
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The April 11, 2022 morning weather forecast for Las Vegas.
From the report of Braselton Police Sergeant Wayne Breeden: "When I arrived on scene I was greeted by two males, Raymond Scott and Reginald Cuington. Both males were arguing with one another and making threats as they were separated. [Note: Cuington is never heard making threats.] Reginald seemed to cool down once police arrived, but Raymond remained visibly upset during the duration of the call. I spoke with Reginald, as another officer spoke with Raymond. Reginald advised that he and a female he has been seeing, Althea Eaton, were out for a walk in the neighborhood. Once they arrived back at Reginald's vehicle, a male approached him in a threatening and harassing manner. Reginald stated that he did not know the male, and also had no idea that Althea was involved in another relationship. [Further note: "Raymond," also known as Benzino, repeatedly claimed that he and Althea were married. They are not, and they have never been, married.]
At this point, Reginald attempted to get into his vehicle, but was unable to due to Raymond being in the way. Reginald stated that Althea then got in to the driver's seat of his truck and attempted to pull away. Reginald told me that as they began to try and drive away, Raymond then struck his vehicle multiple times with his fist. I was able to view the damage of the truck, which showed two dents in the driver side rear door. Reginald then stated that Raymond continued to threaten him until police arrival.
I also spoke with Althea, and another witness, Cindy, who observed the incident from her porch. Cindy stated that she also viewed the Raymond subject shouting obscenities and punching the red pickup truck.
After speaking with Reginald, I went and spoke with Raymond. Raymond advised that he was in the area to watch his son play tennis. While watching his son play tennis, Raymond states that a male came up to him and told him he was going to shoot him. Raymond denies any involvement in the damage to Reginald's vehicle. Raymond continued to shout foul language and open ended threats to Reginald.
Raymond was taken into custody for Criminal Damage and transported to Gwinnett Co Jail. Warrants were signed with a Gwinnett County judge."
On February 3, 2022, Raymond "Benzino" Scott was charged with one count of second degree criminal damage to property. A felony. His case is currently open before Judge Warren Davis.
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From Nathan Chen fulfilling his destiny, to Erin Jackson making history, to Chloe Kim defending her crown, and everything in between: here are all of Team USA's gold medal moments from Beijing #NBCSports #NathanChen #ChloeKim
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The Russian army have retreated from positions that they held to the west of Kyiv.
The retreat has left evidence of possible war crimes where they killed civilians who were attempting to flee the front line.
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