In a city like New York, where everything is superlative, who exactly is middle class? What kind of salary are we talking about? Where does a middle-class person live? And could the relentless rise in real estate prices push the middle class to extinction?Amy O'Leary of The New York Times explains: Here.
“A lot of people are hanging on by the skin of their teeth,” said Cheryl King, an acting coach who lives and works in a combined apartment and performance space that she rents out for screenings, video shoots and workshops to help offset her own high rent.
“My niece just bought a home in Atlanta for $85,000,” she said. “I almost spend that on rent and utilities in a year. To them, making $250,000 a year is wealthy. To us, it’s maybe the upper edge of middle class.”
“It’s horrifying,” she added.
Tuesday, January 22, 2013
Middle Class in Manhattan
"What
is middle class?" is a simple question with a very complex answer.
Obviously, it depends on where one lives - but in Manhattan, New York,
with cost of living that are akin to skyscrapers compared to other places
in the United States, the answer becomes much muddier:
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