middleclass

Why Public Universities Are a Bad Deal for Your Kids

Here's a higher education shocker: Thanks to tuition hikes at California's state universities on one hand, and Ivy League financial aid policies on the other, attending Harvard is actually the better deal for the Golden State's middle class students. And that's not just a West Coast phenomenon.

State of the Ecomony: 3 Things Obama Will Focus On

In tonight's State of the Union, President Obama faces a tough crowd: Millions of Americans unsure about whether he should keep his job. He'll be aiming to win hearts and minds, and at least part of that will be an appeal to our wallets. With that in mind, here are three key points that he is likely to hammer home tonight:

It's Official: Wealth Gap Is Our No. 1 Source of Conflict

Do you think that the biggest conflict in America today is between the rich and the poor? If so, join the club: According to a recent Pew Research Center poll, 66% of Americans believe the wealth gap is the greatest cause of tension in this country.

Fast Food's Biggest Fans: Not Who You'd Think

You'd think that fast-food restaurants -- with their emphasis on value -- would appeal primarily to those at the lower end of the income scale. But according to a new national study, dining at McDonald's and its quick-serving competitors becomes more common as people make more money.

Want to Influence Politicians? Stop Donating Money

Election season is coming, and politicians across the spectrum are already hunting for campaigns contributions. But with the vast majority of political donations coming from lobbies, corporations, and the wealthy, does it make sense for average taxpayers to contribute?

Income of Wealthy Tripled In 30 Years

The wealthiest Americans saw their income nearly triple in the three decades to 2007, substantially more than all other segments of the population, the Congressional Budget Office said Tuesday.

9-9-9, Take 2: Cain's Revamp Still Stings Middle Class

GOP presidential candidate Herman Cain unveiled several major changes to his popular 9-9-9 tax plan on Friday. The former Godfather's Pizza CEO even announced that those below the poverty line would pay no income taxes. But the middle class won't find much relief in Cain's fleshed-out plan.

Bachmann Proposes Tax Hikes for All -- Reagan Style

On Thursday, GOP presidential candidate Michele Bachmann may have inadvertently made one of the boldest moves of the 2012 primary campaign. Speaking on Fox News, the Minnesota congresswoman stated that she wants to adopt Ronald Reagan's tax plan, a rate structure that's much higher than current tax rates.

Is American Dream Slipping Away for Middle Class?

Every parent wants more for their child than they had for themselves. Ideally, each generation should move forward. But it's not a given in America. A middle class upbringing does not guarantee the same status over the course of a lifetime, finds a new study.

What Middle Class Voters Should Remember in 2012

The U.S. middle class is caught in a vice with falling wages on one side and rising costs on the other. Robert S. Kaplan, author of the business leadership book "What to Ask the Person in the Mirror" suggests five ways that politicians should be responding -- not specific policies, but mindsets that could lead to better ones.

Legal aid for the rest of us

I have a friend, Laurie, from Long Beach, California, who is having tax issues with the IRS. Getting the problem resolved isn't something she can do...