What living on $100,000 a year looks like
By Emma Bowman, NPR
A central question of debate leading up to the Senate’s passage of a sweeping tax overhaul plan asked which Americans need a boost. Economists say the Republicans’ selling point for previous iterations of their legislation, that the plan is designed to benefit the middle class, has a shaky foundation — that the rich are the big winners.
And the middle class is already struggling. The median household income is roughly $59,000 a year. But around the country, even six-figure salaries for some single-person households don’t necessarily furnish financial security.
“People feel like they haven’t been getting ahead for a long time,” says Jim Tankersley, who covers taxes and the economy for the New York Times.