‘Real disconnect’ between cost of living and workers’ paychecks | Meet the Press Reports

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Published 2023-07-16
Since 1980, most American workers have seen modest income growth, but income for the top 1% has grown much faster. Lindsey Reiser traveled to Ohio and Florida for Meet the Press Reports to hear from different families, sharing similar struggles, about what constitutes a living wage.

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#Income #Economy #MTPR

All Comments (21)
  • @Chatterbox-94
    This is why a lot of millennials and members of the new generation are choosing to no longer have kids. The cost of living is at a point where kids are far too unaffordable
  • @supadave422
    Decades of companies not sharing the success of their growth with their employees is what got us here.
  • @OneTakeTuber
    I grew up poor and made a decision not to have kids because I didn't want that struggle nor subject my kids to that struggle. Sad but true
  • With around $120k invested in Palantir stocks, any suggestions for additional stocks to diversify across various markets? Looking for a well-rounded portfolio that balances risk aversion with returns meeting yearly inflation concerns.
  • @bryanasare1632
    There was a time you could comfortably support a family of three and be a homeowner with just a job at the USPS.
  • @Aoirsae
    On a single income in the 1980s my parents could buy a house, raise kids, pay all their bills, and have money for vacation. It's just not possible anymore
  • @raingoddess4031
    Everything going up but the pay and yet they sending money to other countries
  • Companies have done a great job in not sharing the profit of their production with the worker, but instead management and the shareholders.
  • @Daleenaisfunny
    I love how the moral of the story is “find light at the end of the tunnel” instead of hold companies accountable 😡
  • @soulsister2410
    I lost my job in 2009. It has taken 10 years too make back only 85% of the salary, I once made. Europeans work less than us, make more than us, have state insurance, and give their people vacations. We as Americans are not really enjoying life the way we should, because we are not being paid appropriately.
  • @SeyvenRoses
    Finding the light at the end of the tunnel when your basic needs are not being met will eventually cost you your health and life. It is a human right to be able to afford housing, food, health insurance, and a savings. No more being strong when you are being mistreated by your government.
  • @Gracedxoxo
    What’s insane is that youre taught to go to college, make a good salary, get married and have a dual income and now that you have checked all those boxes, you’ve never struggled so much before it’s insane and it needs to be brought up more
  • @crystaldisbrow
    This legitimately made me cry. 35 years old and I have very little to show for it.
  • @MoroMoro1
    I'm glad they mentioned the part of when you work more or get a little raise that you may lose government benefits that are helping your family. When the little extra you made doesnt cover what you lost. It's like a lose/lose.
  • @BusArch42
    I doubt any family in history has been able to do well with one person working 20 hours a week.
  • Average American housing cost has Quadrupled, but salaries have not even doubled.
  • @WolfxxBite
    Literally 75% of my income goes to rent. And I have a degree. I was sold the lie that getting a degree would ensure a bright future. I was sold the lie that showing company loyalty would pay off. None of that was true. The working class is starting to see the lies we have been sold our whole life.
  • @divlweb
    This administration is putting many families in difficult situations. A lot of people are financially struggling to live, put a roof over their head and put food on the table. Things are getting worse these days, if you don't find means of multiplying your money you might wake up a day to realise you didn't plan well for yourself and family.
  • @ariston5433
    I never had kids because I knew I could never afford them unless I was living on some type of welfare. I worked full time for 40 years in the state of Texas which still has a minimum wage of $ 7.50 an hour. Please tell me where someone making that kind of money can rent an apartment without some kind of assistance?! Ridiculous. So after federal taxes and social security are taken out of your minimum wage pay check you maybe have $1000 a month. A one bedroom apt now rents at over $1200 a month. Not only can you not afford rent, you can’t pay for food, utilities, medical insurance, apt insurance, emergencies, clothes, toiletries, forget ever owning a car or even going out to eat, skip Christmas, birthdays, haircuts or any of life’s necessities!!!!!! All the while you the “ modern day serf” are making the CEOs wealthier and wealthier. Then the bean counters up in Washington are telling you there will be no social security when you can no longer work so you had better get your act together and put your non existent money into a 401k so that you have a million dollars to finance your “ wink wink” non existent retirement. At least 51 years ago my husband and I could afford to live on minimum wage with both of us working now it is impossible. No wonder so many young people are living at home until they are in their 30s. This country is nothing more than a Banana Republic now. Fortunately my husband and I never went to college hence no student loans. No loans no kids and only ever owned one car. We purchased a small home after renting apts for over 22 years. Paid off small home early and then sold it when the market was at the top in Texas. Took the money and ran and bought a cheaper home in another state. Now both retired with no debt. I feel very badly for the younger people nowadays. Although I have lived through sky rocketing inflation and several recessions as have most of my generation. The difference is pay checks have not kept up with the real cost of living.