The bottom 60% of US households -- the vast majority -- don't earn enough to afford basic costs of living.

[Efilroft Sul]

CBS news covering a report from the Ludwig Institute for Shared Economic Prosperity:

"The gap between what Americans earn and how much they need to bring in to achieve a basic standard of living is growing, according to a new report.

"The analysis, from the Ludwig Institute for Shared Economic Prosperity (LISEP), looks beyond whether people can afford daily necessities like food and shelter to consider whether they have the means to pay for things like the technology tools necessary for work, higher education, and health and child care costs.

"In tracking costs associated with what the group calls a "basket of American dream essentials," LISEP says its Minimal Quality of Life index provides a truer picture of how Americans are faring than standard economic data, such as the nation's gross domestic product and jobless rate. The index captures the annual change in the typical costs facing low- and moderate-income households who are looking to maintain a basic quality of life."

https://www.cbsnews.com/news/cost-of-living-income-quality-of-life/

The 21st century is such a shit-show.

[Tetrachloride]

1. a lot of text to describe numbers

some writers are afraid of numbers

[Bernardo de La Paz]

2. Aside from the climate crisis, wealth & income inequality is the greatest economic problem the world has now

This level of inequality is as high as it has ever been, which means it is unsustainable. Climate pressure might be the breaking point. The rich better get their act together on redistribution or it will be done for them and perhaps done the hard way.

[Bernardo de La Paz]

3. Your 4,000th post. Congratulations! . . . nt

[Efilroft Sul]

5. Why, thanks, Bernardo! You made my day!

[everyonematters]

4. This is why we need an economic agenda for improving people's lives.

Reverse income inequality

Raise the minimum wage

Make the wealthy pay their fare share of taxes.

Make corporations pay adequate taxes.

Make corporations behave in the best interest of society such as not allowing them to buy back their own stocks, instead of investing in production of goods and services.

We need to be talking about these things along with opposing the Republican abuses.