Wednesday, October 31, 2018
Despite an unemployment rate that has reached a 50-year low of 3.7 percent, most jobs across the U.S. don't support a middle-class or better lifestyle, leaving many Americans struggling, according to a new study. Sixty-two percent of jobs fall short of that middle-class standard when factoring in both wages and the cost of living in the metro area where the job is located, according to the study by Third Way, a think tank that advocates center-left ideas.
The Study:Nationwide, just 38% of jobs pay enough to afford a middle or upper class life for a dual income-earning family with children; 32% of jobs pay a living-wage; and 30% pay what we call a "hardship" wage, which is less than what a single adult living on his or her own needs for basic necessities.
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