In the US “middle-class life is now 30% more expensive than it was 20 years ago; in fact, in some cases the cost of daily life over the last 20 years has doubled.”
“According to a 2016 study by the Equality of Opportunity Project, Americans born in the 1940s had a 92% chance of making more money than their parents did at age 30. Those born in the 1980s have around a 50% chance of earning more than their parents. In the Midwest, as the New York Times reported, the odds are less than half.”
Alissa Quart, 2018, “There’s a reason you can’t afford to live in America,” The Guardian, June 18.