Loading video...

Video Failed to Load

There was a problem loading this video. This could be due to a temporary network issue or the video might be unavailable.

The middle class is typically defined as households that earn between 2/3 and double the household median income. But in many categories, consumers have seen costs rising more slowly. Here's why life is becoming unaffordable for middle-class Americans:

CNBC

5,433,460 subscribers

16,970 views • 1 year ago •via X (Twitter)

Anya Rossi• Live Now

Private livecam show

0 Comments

No comments available

Comments from the original post will appear here

Related Videos

The middle class is being sandwiched between the rich class and the poor class. The middle class is caught between rising costs and rising taxes. For the middle class, this Budget had one message. Carry on as you were. In Parliament, I pointed out that there was no revision in income tax slabs and no increase in standard deduction, despite stagnant salaries and inflation at 6.8%. I urged the Finance Minister to correct this in this Budget itself by raising the standard deduction from ₹75,000 to ₹1.5 lakh for the salaried class. Meanwhile, household costs keep climbing. Education 8% 🔺, healthcare 9% 🔺, rent 7% 🔺, food 6% 🔺, transport 5% 🔺. For the first time in years, personal income tax collections are higher than corporate tax. Individuals paid around ₹11 lakh crore, corporates about ₹9.8 lakh crore. Either give tax relief, or give investment savings & incentives so the middle class can save more and build wealth.

The middle class is being sandwiched between the rich class and the poor class. The middle class is caught between rising costs and rising taxes. For the middle class, this Budget had one message. Carry on as you were. In Parliament, I pointed out that there was no revision in income tax slabs and no increase in standard deduction, despite stagnant salaries and inflation at 6.8%. I urged the Finance Minister to correct this in this Budget itself by raising the standard deduction from ₹75,000 to ₹1.5 lakh for the salaried class. Meanwhile, household costs keep climbing. Education 8% 🔺, healthcare 9% 🔺, rent 7% 🔺, food 6% 🔺, transport 5% 🔺. For the first time in years, personal income tax collections are higher than corporate tax. Individuals paid around ₹11 lakh crore, corporates about ₹9.8 lakh crore. Either give tax relief, or give investment savings & incentives so the middle class can save more and build wealth.

Raghav Chadha

299,448 views • 5 months ago

Everyone except the Congress knows that #NextGenGST will help the Indian Middle Class. PM Narendra Modi ji's government is most middle class friendly government post independent India: Direct taxation: 0 income upto 12 lakh income Indirect Taxation: Common Man Goods Taxed at 0 or 5% PM Modi increases consumption and saving of middle class household, Congress under Sonia Gandhi Rahul Gandhi used to loot the middle class households!

Everyone except the Congress knows that #NextGenGST will help the Indian Middle Class. PM Narendra Modi ji's government is most middle class friendly government post independent India: Direct taxation: 0 income upto 12 lakh income Indirect Taxation: Common Man Goods Taxed at 0 or 5% PM Modi increases consumption and saving of middle class household, Congress under Sonia Gandhi Rahul Gandhi used to loot the middle class households!

Pradeep Bhandari(प्रदीप भंडारी)🇮🇳

85,455 views • 11 months ago

#TaxTerrorism in India: Earn ₹10, and here's where it goes: ₹3 snatched as Income Tax ₹2-3 drained in GST ₹2 stripped as Capital Gains Tax ₹1 swallowed in cess and surcharges What’s left to care for your family? This is what’s choking the middle class! #TaxTerrorism #TaxLoot

#TaxTerrorism in India: Earn ₹10, and here's where it goes: ₹3 snatched as Income Tax ₹2-3 drained in GST ₹2 stripped as Capital Gains Tax ₹1 swallowed in cess and surcharges What’s left to care for your family? This is what’s choking the middle class! #TaxTerrorism #TaxLoot

Venkatesh Alla

107,735 views • 1 year ago

Vice President Kamala Harris promised that building the middle class "will be a defining goal of my presidency." "This is personal for me. The middle class is where I come from," she said. Read more about her speech:

Vice President Kamala Harris promised that building the middle class "will be a defining goal of my presidency." "This is personal for me. The middle class is where I come from," she said. Read more about her speech:

CNBC

75,881 views • 1 year ago

The cost of living crisis that exploded under Joe Biden can’t be ignored in America A new survey finds - 2/3 of voters think a middle class lifestyle is unattainable - 77% of people say they can’t afford a home or have any disposable income - 77% also say it's harder to achieve a middle class lifestyle than a generation ago - Those polled say they do not feel confident in their ability to pay for retirement, housing and health care “Pew Research defines middle class as two-thirds of the median household income. Here in California, that comes out to an annual income of roughly $63,000 to $190,000”

The cost of living crisis that exploded under Joe Biden can’t be ignored in America A new survey finds - 2/3 of voters think a middle class lifestyle is unattainable - 77% of people say they can’t afford a home or have any disposable income - 77% also say it's harder to achieve a middle class lifestyle than a generation ago - Those polled say they do not feel confident in their ability to pay for retirement, housing and health care “Pew Research defines middle class as two-thirds of the median household income. Here in California, that comes out to an annual income of roughly $63,000 to $190,000”

Wall Street Apes

16,436 views • 5 months ago

“So This Is What An Average Middle-Income American Home And Neighborhood Look Like. Can a Middle-Class Family Afford To Live Like This In Nigeria? My Question Is, Why Doesn’t The Nigerian Government Create Similar Opportunities For The Middle Class In The Country?”. ~ US-Based Nigerian Man Reacts.

“So This Is What An Average Middle-Income American Home And Neighborhood Look Like. Can a Middle-Class Family Afford To Live Like This In Nigeria? My Question Is, Why Doesn’t The Nigerian Government Create Similar Opportunities For The Middle Class In The Country?”. ~ US-Based Nigerian Man Reacts.

Somto Okonkwo

30,875 views • 1 day ago

One of the saddest realities of life - If you were born in a middle class family or low income household, you’re likely to live your entire life in survival mode. Here’s why and how to get out of that trap.

One of the saddest realities of life - If you were born in a middle class family or low income household, you’re likely to live your entire life in survival mode. Here’s why and how to get out of that trap.

Victor Okafor

210,340 views • 6 months ago

"Fascism is a moment in the history of the middle-class, a means by which the middle-class protects itself from the working class." --- Bernardo Bertolucci on 'The Conformist' (1970) Full Excerpt: "'The Conformist' (1970) is first a film about the bourgeoisie, the middle-class, not about fascism. I was speaking about the middle class, and fascism is a moment in the history of the middle-class, a means by which the middle-class protects itself from the working class. Whenever the working class is coming up, up, up, at this moment fascism makes its appearance. In the film there is a fascist and an anti-fascist, but the Professor in Paris, the anti-fascist, is also from the middle-class. We have two faces of the same coin, of the middle-class. One face is fascism, the other is anti-fascism, but not a Marxist anti-fascism, just an idealism. Because he is also in the middle-class, my anti-fascist is not a hero, not a positive man." (From his interview with Joan Mellen, 1975)

"Fascism is a moment in the history of the middle-class, a means by which the middle-class protects itself from the working class." --- Bernardo Bertolucci on 'The Conformist' (1970) Full Excerpt: "'The Conformist' (1970) is first a film about the bourgeoisie, the middle-class, not about fascism. I was speaking about the middle class, and fascism is a moment in the history of the middle-class, a means by which the middle-class protects itself from the working class. Whenever the working class is coming up, up, up, at this moment fascism makes its appearance. In the film there is a fascist and an anti-fascist, but the Professor in Paris, the anti-fascist, is also from the middle-class. We have two faces of the same coin, of the middle-class. One face is fascism, the other is anti-fascism, but not a Marxist anti-fascism, just an idealism. Because he is also in the middle-class, my anti-fascist is not a hero, not a positive man." (From his interview with Joan Mellen, 1975)

DepressedBergman

69,770 views • 2 years ago

Americans are turning away from beef as it is becoming increasingly unaffordable to purchase for the middle class. 🐮 They have started putting hamburger helper (cheap pasta) to fill their stomachs. Many are switching over to rice-lentils (aka dal-chawal) 🍚 Expect protein consumption to fall for Americans in coming years. 📉 C: 8 News Now, Fox News, Inside Edition, NBC

Americans are turning away from beef as it is becoming increasingly unaffordable to purchase for the middle class. 🐮 They have started putting hamburger helper (cheap pasta) to fill their stomachs. Many are switching over to rice-lentils (aka dal-chawal) 🍚 Expect protein consumption to fall for Americans in coming years. 📉 C: 8 News Now, Fox News, Inside Edition, NBC

do'o kappa

15,334 views • 9 months ago

"The term middle class is a misnomer. Those in the 91st percentile and above in this country call themselves middle class, but they are middle class nowhere. They have fashioned this metaphor that politics is bad,"said Yogendra Yadav to G Sampath in the latest episode of the In Focus Podcast. Producer and editor: Jude Weston Recorded by: Jude Weston and Saif Ali Ekram

"The term middle class is a misnomer. Those in the 91st percentile and above in this country call themselves middle class, but they are middle class nowhere. They have fashioned this metaphor that politics is bad,"said Yogendra Yadav to G Sampath in the latest episode of the In Focus Podcast. Producer and editor: Jude Weston Recorded by: Jude Weston and Saif Ali Ekram

The Hindu

15,847 views • 21 days ago

"They don't earn enough to finance their lives. Rent is going up, insurance is going up, coffee costs double what it did three years ago." - Julian Liniger The European middle class is getting squeezed so hard they don't have the bandwidth for Bitcoin.

"They don't earn enough to finance their lives. Rent is going up, insurance is going up, coffee costs double what it did three years ago." - Julian Liniger The European middle class is getting squeezed so hard they don't have the bandwidth for Bitcoin.

TFTC

16,964 views • 18 days ago

Happy Labor Day! #IncomeInequality has gotten worse in the US. Over 1/2 of Social Security recipients don’t pay taxes because their income is too low. Median wages have stagnated, and economic upward mobility has narrowed. Policies that funnel more money to the wealthiest Americans under the guise of trickle-down economics have consistently failed to deliver for the working and middle class. Math doesn’t care which party you support. ⁠Thanks Corrine Straight! #DemsAbroad

Happy Labor Day! #IncomeInequality has gotten worse in the US. Over 1/2 of Social Security recipients don’t pay taxes because their income is too low. Median wages have stagnated, and economic upward mobility has narrowed. Policies that funnel more money to the wealthiest Americans under the guise of trickle-down economics have consistently failed to deliver for the working and middle class. Math doesn’t care which party you support. ⁠Thanks Corrine Straight! #DemsAbroad

Democrats Abroad

24,413 views • 11 months ago

David david friedberg says billionaires didn't cause the wealth inequality gap: "People think there's this small cabal of people that have everything in America." The reality: › $183 Trillion: Total net worth of Americans › $8 Trillion (4%): Net worth of billionaires › $4 Trillion (2%): Net worth of bottom 50% › $170 Trillion (93%): Net worth of middle class "So it is true that the billionaires have 2x as much as the bottom 50%." "But it's $170 trillion that the middle class of America has." " So the middle class is really where all of the net worth in America accumulated." "Yes, there's an ultra-rich group that has a lot of assets, but this is really what won in America in the last half century—that middle class. But the problem is the bottom 50% left behind." "That's I think, what is really driving and motivating this socialism today." "While there is wealth inequality, the statistics are a little bit different than what everyone groks."

David david friedberg says billionaires didn't cause the wealth inequality gap: "People think there's this small cabal of people that have everything in America." The reality: › $183 Trillion: Total net worth of Americans › $8 Trillion (4%): Net worth of billionaires › $4 Trillion (2%): Net worth of bottom 50% › $170 Trillion (93%): Net worth of middle class "So it is true that the billionaires have 2x as much as the bottom 50%." "But it's $170 trillion that the middle class of America has." " So the middle class is really where all of the net worth in America accumulated." "Yes, there's an ultra-rich group that has a lot of assets, but this is really what won in America in the last half century—that middle class. But the problem is the bottom 50% left behind." "That's I think, what is really driving and motivating this socialism today." "While there is wealth inequality, the statistics are a little bit different than what everyone groks."

Molly O’Shea

75,661 views • 9 days ago

The LARGEST middle class tax cut in history. The Trump administration is fighting for more money to flow back into the pockets of hardworking Americans. 🇺🇸

The LARGEST middle class tax cut in history. The Trump administration is fighting for more money to flow back into the pockets of hardworking Americans. 🇺🇸

The White House

255,677 views • 5 months ago

In the last 11 years, 25 crore people have defeated poverty and risen out of it to join the neo-middle class, emerging as a driving force of India’s economy with their aspirations and dreams. Recognizing this, the govt exempted income up to ₹12 lakh from tax—bringing real transformation to the middle-class. Now, GST reforms further address the needs of the poor, the neo-middle & middle class—a double bonanza making their dreams easier to achieve. #GSTBachatUtsav #NextGenGST

In the last 11 years, 25 crore people have defeated poverty and risen out of it to join the neo-middle class, emerging as a driving force of India’s economy with their aspirations and dreams. Recognizing this, the govt exempted income up to ₹12 lakh from tax—bringing real transformation to the middle-class. Now, GST reforms further address the needs of the poor, the neo-middle & middle class—a double bonanza making their dreams easier to achieve. #GSTBachatUtsav #NextGenGST

G Kishan Reddy

11,882 views • 10 months ago

BREAKING: In a shocking statement, Donald Trump just said that he won’t tax the rich. Trump is making it abundantly clear that he plans on cutting taxes for the top 1% and forcing middle-class Americans to bear the costs. Retweet so all Americans see this.

BREAKING: In a shocking statement, Donald Trump just said that he won’t tax the rich. Trump is making it abundantly clear that he plans on cutting taxes for the top 1% and forcing middle-class Americans to bear the costs. Retweet so all Americans see this.

Democratic Wins Media

835,865 views • 1 year ago

INDIA'S TAX RACISM !! 🔸Example BCCI 🔸 The BCCI sold the IPL Media Rights for the 2023-27 cycle for ₹48,390 crore. Tax Paid - Zero ❓WHY The BCCI is registered as a Charitable Organization under Section 12A of India's Income Tax Act. This means they don't need to pay income tax on IPL earnings, 📌 Middle Class & Lower Middle Class People 670 million Poorest Indians pay 64% of the total Tax which is about ₹14.83 lakh crore in 2022. The Middle Class contributes 33% of the Tax. & Adanis Ambanis.... The Top 10% own 77% of the Nation's Wealth worth $660 billion but pays only 3% tax. #ModiHaiTohMumkinHai #IndiGoCrisis

INDIA'S TAX RACISM !! 🔸Example BCCI 🔸 The BCCI sold the IPL Media Rights for the 2023-27 cycle for ₹48,390 crore. Tax Paid - Zero ❓WHY The BCCI is registered as a Charitable Organization under Section 12A of India's Income Tax Act. This means they don't need to pay income tax on IPL earnings, 📌 Middle Class & Lower Middle Class People 670 million Poorest Indians pay 64% of the total Tax which is about ₹14.83 lakh crore in 2022. The Middle Class contributes 33% of the Tax. & Adanis Ambanis.... The Top 10% own 77% of the Nation's Wealth worth $660 billion but pays only 3% tax. #ModiHaiTohMumkinHai #IndiGoCrisis

তন্ময় l T͞anmoy l

26,483 views • 7 months ago

TAX RACISM !! 🔸Example BCCI 🔸 The BCCI sold the IPL Media Rights for the 2023-27 cycle for ₹48,390 crore. Tax Paid - Zero ❓WHY The BCCI is registered as a Charitable Organization under Section 12A of India's Income Tax Act. This means they don't need to pay income tax on IPL earnings, 📌 Middle Class & Lower Middle Class People 670 million poorest Indians pay 64% of the total Tax which is about ₹14.83 lakh crore in 2022. The Middle Class contributes 33% of the Tax. & Adanis Ambanis.... The Top 10% own 77% of the Nation's Wealth worth $660 billion but pays only 3% tax. #stockmarketcrash #RepublicDay #गणतंत्र_दिवस #BillsMafia

TAX RACISM !! 🔸Example BCCI 🔸 The BCCI sold the IPL Media Rights for the 2023-27 cycle for ₹48,390 crore. Tax Paid - Zero ❓WHY The BCCI is registered as a Charitable Organization under Section 12A of India's Income Tax Act. This means they don't need to pay income tax on IPL earnings, 📌 Middle Class & Lower Middle Class People 670 million poorest Indians pay 64% of the total Tax which is about ₹14.83 lakh crore in 2022. The Middle Class contributes 33% of the Tax. & Adanis Ambanis.... The Top 10% own 77% of the Nation's Wealth worth $660 billion but pays only 3% tax. #stockmarketcrash #RepublicDay #गणतंत्र_दिवस #BillsMafia

তন্ময় l T͞anmoy l

61,599 views • 1 year ago

“Made in America” used to mean made by the companies and middle-class workers that form the backbone of this country. But America’s industrial sector has moved abroad in search of lower costs. Today, Wall Street and the Fed run the show, printing trillions of dollars we don’t have and then speculating on the outcome. The result is that the middle class has evaporated, our economy is highly financialized, and the dollar is held afloat by America’s military might. Our current economic system is unsustainable. But we can – and we must – change course. Help me revitalize America and restore the middle class today. DONATE NOW ➡️ Thanks, Andrew Schulz 👑HEZI, for the conversation.

“Made in America” used to mean made by the companies and middle-class workers that form the backbone of this country. But America’s industrial sector has moved abroad in search of lower costs. Today, Wall Street and the Fed run the show, printing trillions of dollars we don’t have and then speculating on the outcome. The result is that the middle class has evaporated, our economy is highly financialized, and the dollar is held afloat by America’s military might. Our current economic system is unsustainable. But we can – and we must – change course. Help me revitalize America and restore the middle class today. DONATE NOW ➡️ Thanks, Andrew Schulz 👑HEZI, for the conversation.

Robert F. Kennedy Jr

451,676 views • 2 years ago