Can you afford a house? We can’t. Not anywhere near where we live….Maybe this is why I enjoy reading about others’.
By Caitlin Kelly
This is the introduction, while the story focuses on seven families, with only one single man.
Being middle class in America used to come with a certain amount of leisure and economic security. Today it involves an endless series of trade-offs and creative workarounds, career reinventions and an inescapable sense of dread.
We asked readers to tell us what it’s like, and more than 500 people, with widely varied incomes, submitted responses. They described not just their financial worries but also he texture of daily life. Even those with very good incomes expressed fears of instability. They have seen their wages and bargaining power stagnate and wealth spiral to the top, while they struggle to acquire the markers of middle-class life — a college education, health care, the deed to a home.
As one reader, Kristin DePue, put it, “There is an extraordinary burden on my generation to fund our own retirement and also afford college costs for our children.” Indeed, “middle-class life is now 30 percent more expensive than it was 20 years ago,” the journalist Alissa Quart writes in “Squeezed: Why Our Families Can’t Afford America.” And yet, for all the talk of “everyday Americans” among the presidential candidates, politicians do not seem to understand what it takes to get through the day, or what would really help.
Georgetown, DC. Pricey but lovely
A few thoughts:
— No American — unlike some Britons who will proudly say they are “working class” — will use that language to describe oneself, even if it’s true. There are so many euphemisms for poor: broke, impoverished, low-income, underprivileged, each of which is vague and subjective. One man’s “broke” is another man’s notion of luxury.
— Many factors affect how far one can stretch a budget: housing, health insurance (if you’re on Medicare or Medicaid, free), educational costs, number of children, etc. If you’ve chosen to raise a child, or many children, that’s an assumed cost bringing many additional costs with it: food, clothing, medical care, etc. Plus childcare!
— Some areas of the country are brutally and punitively expensive for housing and if, for reasons of employment, health and/or reliable family support you can’t leave, that cost alone is going skew what you need to survive.
— If you have multiple children and every one of them attends a private university or college, let alone graduate or professional school, it will cost a fortune. Yet it remains a very loaded and un-American idea to suggest trade school or vocational training instead, even though many such workers, unionized, make very good incomes, have plenty of work life-long and tremendous pride in their skills.
— This story generated 1,358 comments (that’s a lot for the Times), as “class” is a loaded word for Americans, raised from birth on the “American dream” of social mobility.
Here’s one of them:
The median household income is $59,000 per year. All of these people in the article are far above that, but they are still struggling to afford basic things like education for their children because life is very expensive. Imagine what a family making $25,000 is going through, trying to send children to college. Everyone that is thinking about this election needs to realize that the real middle of the country is hurting. All of our security has been turned to risk, and the billionaires pay themselves as if they carry the risk, instead of us. The corporate establishment “center” has completely discredited itself, by telling us how great the economic numbers are, how “free trade” has really been great, and that there “is no money,” for the things that most people need, because, according to the owners of capital and the media they own, the only way for capitalism to work is for their corporations to get fat, no-bid, cost-plus contracts, while those same corporations have their taxes cut to zero.
Jose and I live in a suburb of New York City, in a one-bedroom apartment. Our monthly housing cost is $2,000, health insurance $1,700, various other insurances another $400+. Add food, gas, the $95 cost of a 10-trip off-peak train trip into New York City for work or pleasure, parking, dental, etc.
In our good years, we make just over six figures, as full-time freelancers — i.e. wholly self-employed; in bad years, we have had to tap our retirement savings (and thank heaven we have some.)
That, for many people, is a fortune!
But our combined income can also disappear at any moment without warning if one of our clients cuts their budget or management changes. We have no paid time off or paid sick leave.
At this point, effectively shut out of any full-time job (that would cut $20,000 a year in costs with job-supplied health insurance) by age discrimination, we are OK, partly because we have no children or dependents, and have stayed in this home for decades, driving a 20 year old vehicle.
How about you?