Word: household
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...other words, economic woes that have long plagued those at the lower fringes of the American middle class are now hitting people near the heart of it (the median household income was $50,233 in 2007, according to the latest data from the Census Bureau). And they're hitting fast...
...statistics speak for themselves: according to the National Bureau of Economic Research, in 2006, only 7 percent of people living in households headed by a married individual were poor, while households with an unmarried leader (83 percent of whom were female) boasted poverty rates of 40.3 percent. The authors of the NBER’s June 2006 digest further concluded that changes in household structure—namely, the increase in female-headed families—were largely to blame for the rise in domestic poverty rates since the 1980s. Due to the myths perpetuated...
Jade Goody has lived her entire adult life in front of the camera. Star of the reality TV show Big Brother, Goody became a household name in Britain through her outlandish behavior on the show, once even sparking a diplomatic incident between India and the U.K. Recently, Goody’s life hit a more tragic note with her diagnosis of terminal cervical cancer. But, true to form, this aspect of her life too will be broadcast—a television series is being filmed to document her last days...
...Limits of Prudence Orman's personal story is an important part of the product she's selling. She grew up in a modest household on the South Side of Chicago, where her father ran a deli. She dropped out of the University of Illinois (she later finished her degree) and spent six years waitressing in Berkeley, Calif. After losing $50,000 she had been lent to a stockbroker at Merrill Lynch, she became a Merrill broker herself. She launched her own financial-planning company in 1987 and then wrote her first book, You've Earned It, Don't Lose...
...Force. That's because no member of the Middle Class Task Force is actually middle class. While defining America's most beloved demographic group has never been an exact science, most academics agree that the term refers to anyone earning between $30,000 and $100,000 a year. (Median household income in the U.S. hovers around $50,000.) Every member of the President's task force - from Biden ($227,000) to Council of Economic Advisors Chairwoman Christina Romer ($172,000) to Energy Secretary Steven Chu ($191,000) - makes well over $150,000, putting them in the top 5% of wage...