Reported here:
... The effort to keep up with higher prices feels relentless to Teri Kopp, who lives in Southbury, Conn., and works as an administrator at a synagogue. “I’m tired,” she said.
Kopp and her husband Bill, an HVAC technician, earn a combined $115,000 a year. They often sit in the dark with only strings of LED lights on to save on electric costs. She is considering painting rocks to send to friends as Christmas gifts. Their biggest vacation this year, a road trip to Maine, was mostly covered by cash back from a shopping-rewards program.
Kopp, 59 years old, doesn’t see any way to quickly pay off the $15,000 in credit-card debt the family took on largely to cover medical bills for knee surgeries. She also has $30,000 in debt from her daughter’s undergraduate degree in biology, which has yet to yield any job offers in a tough labor market for new graduates.
Kopp voted for Trump last November in part because she wasn’t happy with how Biden handled the economy. She approves of the job Trump is doing but is skeptical that it will lead to any relief on costs soon. “I think Trump has a hard nut to crack to bring all this stuff down,” she said. ...
Do the two Rachels at the Wall Street Journal who write this sob story about the middle class "buckling" realize that about half the country makes $45k or less? What about those people? Well, they don't read the Journal anyway, right?
You have to be in the 64th percentile to be like Teri and Bill, the high end of the middle 33-66%.
