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☆ Harris erases Trump's lead on economy among younger Americans, CNBC/Generation Lab survey finds
▼ + stars: | 2024-08-09 | by ( Jason Gewirtz | ) www.cnbc.com time to read: +4 min

U.S. Vice President Kamala Harris and Republican presidential nominee and former U.S. President Donald Trump. But they also think the candidate best able to improve the economy is the de facto Democratic nominee Harris, not Republican nominee and former President Donald Trump. Three months ago, the same survey found Trump and Biden effectively tied, with 36% for Biden and 35% for Trump, and 29% planning to vote for Kennedy. This jump in support for Harris today is all the more notable because of how significant the economy is to the voting choices of younger Americans. In this survey, 77% of respondents said they either definitely or probably will vote.

Persons: Kamala Harris, Donald Trump, Brendan Mcdermid, Elizabeth Frantz, Harris, Biden, Joe Biden, Robert F, Kennedy Jr, Kennedy, Trump, Harris — Organizations: Republican, Reuters, Biden, CNBC, Money Survey, Democratic, Trump, Democratic Party, White, Democrats, Census Locations: Harris, U.S

☆ Flood insurance likely doesn't cover storm damage in your basement
▼ + stars: | 2024-08-09 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Homeowners and renters insurance policies do not cover flood damage, however. Most people who have flood insurance get it through the federal government, via FEMA's National Flood Insurance Program, experts said. On average, about 30% of U.S. homes in the highest-risk areas for flooding have flood insurance, according to the University of Pennsylvania's Wharton Risk Center. Private insurers also offer flood policies and may offer higher coverage than FEMA's policies, according to the Insurance Information Institute. What basement items are covered by flood insurance?

Persons: Debby, Joe Raedle, Storm Debby, Miguel J, Rodríguez Carrillo, Johnson, Jessica Rinaldi, Kochenburger, Anna Moneymaker, NFIP, Don Griffin, Peter Kochenburger Organizations: Getty, Federal Emergency Management Agency, Homeowners, Flood Insurance, FEMA, University of Pennsylvania's Wharton Risk, Insurance, Boston Globe, Consumers, Lincoln, Washington DC, American, Casualty Insurance Association, CNBC, Southern University Law, Census Locations: Cedar Key , Florida, Charleston , South Carolina, U.S, Vermont, Washington ,, Washington, freezers

This is particularly true for Black Latinos, according to the authors. That’s why Lopez argues in the report that asking people about their “street race” could provide necessary insight into the different ways Latinos are racially categorized. According to the Pew Research Center, Black Latinos are more likely than non-Black Latinos to report having experienced discrimination based on race. Lopez and the co-authors of the report say that additional questions could still be added to official forms, including the “street race” question. “But we also need a question on perceived race.”For more from NBC Latino, sign up for our weekly newsletter.

Persons: Nancy Lopez, Lopez, ” Lopez, ” Organizations: Latino, Politics Institute, UCLA, . Census, University of New, NBC News, Pew Research Center, U.S . Office, Management, OMB, NBC Locations: University of New Mexico, East

☆ No sign of U.S. recession in freight demand, CEO of shipping giant Maersk says
▼ + stars: | 2024-08-07 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Shipping giant Maersk, considered a barometer for global trade, is not seeing signs of a U.S. recession as freight demand remains robust, the company's chief executive said Wednesday. "We've seen in the last couple of years, actually, [the shipping container] market remaining surprisingly resilient to all the fear of recessions that there has been," Vincent Clerc told CNBC's "Squawk Box Europe" Wednesday, adding that container demand was generally a good indicator of underlying macroeconomic strength. The last week has seen a sudden escalation in worries about a recession in the world's biggest economy, the U.S., following a set of weaker-than-expected jobs data which has divided economists and market participants. U.S. retail trade inventories — a measure of unwanted build — in May were up 5.33% from a year ago at $793.86 billion, according to the most recent release from the U.S. Census Bureau. A report released by leasing platform Container xChange on Wednesday said indicators suggest inventories are higher than demand, meaning a less "prosperous time" in the coming months for container traders, the logistics market and retailers who stockpiled.

Persons: We've, Vincent Clerc, CNBC's, Clerc Organizations: Shipping, Maersk, U.S . Census Locations: U.S

CEO Tom Kingsbury estimated in late May that those expanded categories, including Babies R Us, are “a $2 billion-plus sales opportunity” in the coming years. On a store tour in New Jersey on Wednesday, Chief Merchandising Officer Nick Jones showed off the first Babies R Us shop. Kohl’s will put Babies R Us shops next to its existing baby apparel. Courtesy KohlsOver the past few weeks, online shoppers have also seen Babies R Us on Kohl’s website. As it relaunches Babies R Us, Kohl’s will test whether the brand has remained relevant or grown stale.

Persons: hasn’t, Tom Kingsbury, Nick Jones, Hatch, Frida, Graco, Baby Bjorn, Kohl’s, Jones, That’s, Dana Telsey, “ There’s, ”, Stephen Hinz, “, They’re, ” Hinz, Macy’s, Zola, Babylist, Kingsbury, Isaac Mizrahi, Natalie Gordon, WHP, Christie Raymond, Geoffrey, influencers Organizations: U.S, U.S . National Center for Health Statistics, Nike, Telsey Advisory, U.S . Census, Walmart, CNBC, WHP Global, WHP, WHP Holdings, Macy’s Locations: N.J, Wisconsin, New Jersey, U.S, Bath, New York City, Instagram

☆ Kohl's bets on Babies R Us as it tries to attract younger families, higher sales
▼ + stars: | 2024-08-01 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +6 min

Kohl's plans to have 200 Babies R Us shops in its stores by the end of September. CEO Tom Kingsbury estimated in late May that those expanded categories, including Babies R Us, are "a $2 billion-plus sales opportunity" in the coming years. On a store tour in New Jersey on Wednesday, Chief Merchandising Officer Nick Jones showed off the first Babies R Us shop. Over the past few weeks, online shoppers have also seen Babies R Us on Kohl's website. Jones said Kohl's will decide whether to open Babies R Us in more stores after learning from the first 200 shops.

Persons: hasn't, Tom Kingsbury, Nick Jones, Hatch, Frida, Graco, Baby Bjorn, Kohl's, Jones, That's, Dana Telsey, There's, Stephen Hinz, They're, Hinz, Macy's, Zola, Babylist, Kingsbury Organizations: U.S, U.S . National Center for Health Statistics, Nike, Telsey Advisory, U.S . Census, Walmart, CNBC Locations: N.J, Wisconsin, New Jersey, U.S, Bath

Elijah Nouvelage | Afp | Getty ImagesHow the LIFT Act could look todaySince the LIFT Act was first proposed in 2018, the cost of living has only skyrocketed, hitting working-class Americans especially hard. However, funding such a tax credit now could be tough amid growing concerns over the federal budget deficit. The advantage of the LIFT tax credit, said D'Acunto, is that it doesn't create the same market distortions the rent cap would ignite. Child tax credit is a 'huge priority' for DemocratsLIFT was first proposed years before Congress temporarily expanded the child tax credit during the Covid-19 pandemic, which could now be a bigger priority, experts say. Harris described the child tax credit changes as one of the "most important" and "most impactful" parts of the legislation in a 2021 speech.

Persons: Kamala Harris, Elijah Nouvelage, Tomas Philipson, Joe Biden's, Laura Veldkamp, Harris, Donald Trump, Francesco D'Acunto, Biden, Karl Widerquist, Jacob Channel Organizations: Democratic, Afp, Getty, White House Council, Economic Advisers, CNBC, Columbia University Business School, Georgetown University, D'Acunto, Federal, Plus, American Rescue Plan, Columbia University, . Census Locations: Atlanta , Georgia, Atlanta

☆ Why the gender pay gap has barely budged in decades, according to new Yale research
▼ + stars: | 2024-07-30 | by ( Jennifer Liu | ) www.cnbc.com time to read: +2 min

New research from Yale indicates that while the gender pay gap has been closing for decades, progress has nearly stalled since the mid-1990s — and women aren't benefiting from the incremental improvements. That's according to a working paper led by Jaime Arellano-Bover, a lecturer of economics at the Yale School of Management. However, by the late '90s and early 2000s, the pay gap among young workers stopped narrowing. Meanwhile, the research suggests that the retirement of older workers with wider gaps is the sole contributor to decreasing the gender pay gap overall. The study's findings challenge the assumptions that the narrowing gender pay gap is the result of better career opportunities for women, Arellano-Bover says.

Persons: Jaime Arellano, That's, Arellano, Bover, Rather Organizations: Yale, Yale School of Management, Census, National Women's Law, Arellano, Bover, CNBC

☆ The 10 worst states to retire in the U.S.—No. 1 isn’t California or New York
▼ + stars: | 2024-07-30 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +2 min

While the best state to retire in the U.S. is also one of the smallest in the country, the worst state to retire is the largest. Alaska ranks as the worst state in the U.S. to retire for the third year in a row, according to Bankrate's study of the best states to retire in 2024. If you're looking for space to spread out during retirement, Alaska is the largest U.S. state by land area. However, it state ranked poorly across a number of Bankrate's measurements. Here are the 10 worst states to retire, according to Bankrate.

Persons: Bankrate Organizations: Council for Community, Economic Research, U.S . Census Bureau, Tax Foundation, National Oceanic, Atmospheric Administration Locations: U.S, Alaska

☆ These are the 10 best rental markets in America based on affordability, job opportunities and more
▼ + stars: | 2024-07-29 | by ( Celia Fernandez | ) www.cnbc.com time to read: +4 min

1 rental market in America: Austin, TexasAustin in the Austin-Round Rock, Texas metro area ranked as the top rental market, according to Realtor.com. 10 best rental markets in AmericaAustin, Texas Oklahoma City, Okla. Birmingham, Ala. San Antonio, Texas Minneapolis, Minn. Sandy Springs, Ga. Nashville, Tenn. Kansas City, Kan. Raleigh, N.C. Norfolk, Va. Oklahoma City is the No. The Oklahoma capital had a rent-to-income ratio of 17.7%, making it the most affordable rental market among the top 10. Oklahoma City is also one of the best cities for new college graduates, according to a June Zumper report. Oklahoma City, Oklahoma Marcus Elwell | Moment | Getty Images

Persons: Realtor.com, didn't, Austin , Texas Austin, Austin, Oklahoma City , Oklahoma Marcus Elwell Organizations: Midwest . Cities, Austin, Getty, U.S, San Francisco and New, Google, Apple, America Austin , Texas Oklahoma City, Va . Oklahoma City, Oklahoma, Oklahoma City, . Census Bureau Locations: United States, Cities, Northeast, Northwest, New York City, Los Angeles, South, Midwest, Austin , Texas, Nashville , Tennessee, America, Austin, , Texas, Austin , TX, San Francisco and, San Francisco and New York City, The Texas, WalletHub, America Austin , Texas Oklahoma, Okla, Birmingham, Ala, San Antonio , Texas Minneapolis, Minn, Sandy Springs, Ga, Nashville, Tenn . Kansas City, Kan . Raleigh, N.C . Norfolk, Va . Oklahoma, U.S, Oklahoma, Oklahoma City, Oklahoma City , Oklahoma

☆ This is the best state to retire in 2024—it's not Florida or California
▼ + stars: | 2024-07-28 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

The best state to retire in 2024 is also one of the smallest in the U.S.At around 96 miles long and 35 miles wide, Delaware ranks as the No. 1 state to retire this year, according to Bankrate's list of the best states to retire for 2024. Last year, it placed second behind Iowa on Bankrate's list. To compile the ranking, Bankrate analyzed data from several sources, including the Tax Foundation, the Council for Community and Economic Research, the U.S. Census Bureau and the National Oceanic and Atmospheric Administration. Bankrate evaluated all 50 states across five weighted categories:Affordability (40%): Includes factors such as cost of living and state and local sales tax ratesIncludes factors such as cost of living and state and local sales tax rates Overall well-being (25%) : Looks at factors such as the number of arts and entertainment centers and the number of adults over 62: Looks at factors such as the number of arts and entertainment centers and the number of adults over 62 Quality and cost of health care (20%): Considers factors such as the number of health-care establishments and the cost of health careConsiders factors such as the number of health-care establishments and the cost of health care Weather (10%): Evaluates the average annual temperature and average number of tornado strikes, earthquakes and hurricane landfallsEvaluates the average annual temperature and average number of tornado strikes, earthquakes and hurricane landfalls Crime (5%): Includes factors such as the number of violent crimes and property crimesHere are the 10 best states to retire in 2024, according to Bankrate.

Persons: Bankrate Organizations: Iowa, Tax Foundation, for Community, Economic Research, U.S . Census, National Oceanic, Atmospheric Administration Locations: U.S, Delaware

☆ From Raleigh to Fort Worth: Top 10 renter-friendly cities in America
▼ + stars: | 2024-07-27 | by ( Celia Fernandez | ) www.cnbc.com time to read: 1 min

This month, ApartmentAdvisor released its annual report on the best cities for renters in the United States. The report analyzed 98 major cities across the country based on:Renter friendliness scoreRenting quality scoreEconomic scoreDesirability scoreRenter friendliness and renting quality scores were determined by demand, vacant rates, tenant protection laws and new residential construction. The desirability score is based on public transit and entertainment, while the economic score was determined by analyzing the median income-to-median rent ratio, rental property price trends, and unemployment rates. The cities were scored on a 100% scale, and the data used to rank them is from the U.S. Census Bureau, ApartmentAdvisor, Walkscore, and Yelp. ApartmentAdvisor considered only the median one-bedroom monthly rent for this report.

Persons: ApartmentAdvisor Organizations: U.S . Census Locations: United States, U.S

What the LIFT Act would mean todaySince the LIFT Act was first proposed in 2018, the cost of living has only sky-rocketed, hitting working-class Americans especially hard. But a tax credit like LIFT would also be extremely costly, according to Tax Policy Center estimates from 2018 and 2019. However, funding such a tax credit now could be tough amid growing concerns over the federal budget deficit. Focus on the child tax creditLIFT was first proposed years before Congress temporarily expanded the child tax credit during the Covid-19 pandemic, which could now be a bigger priority, experts say. The American Rescue Plan boosted the child tax credit to $3,000 from $2,000, with an extra $600 for children under age 6 for 2021, and families received up to half upfront via monthly payments.

Persons: Kamala Harris, Kevin Mohatt, Francesco D'Acunto, Biden, Karl Widerquist, Jacob Channel, Tomas Philipson, Laura Veldkamp, Harris, Donald Trump Organizations: West Allis Central High School, Reuters, Georgetown University, D'Acunto, Plus, White House Council, Economic Advisers, Columbia University Business School, American Rescue Plan, Columbia University, . Census Locations: West Allis , Wisconsin

☆ Americans are flocking to Texas: 9 of the 10 fastest-growing U.S. cities are there
▼ + stars: | 2024-07-23 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +2 min

And between 2020 and 2023, that seems to have been true of population growth. Celina, Texas, a city about 40 miles north of Dallas, earned the top spot as its population grew by more than 143% between 2020 and 2023. But it's the only Texas city among the 10 U.S. cities and towns that saw the biggest population drops between 2020 and 2023. The state's population has been growing steadily and faster than nearly any other state since 2000, the Census Bureau reports. Despite its position along the Southern border, domestic migration has played a slightly larger role than international migration in Texas' population growth, the agency finds.

Organizations: Lone Star State, Census, CNBC Locations: U.S, Celina , Texas, Dallas, Celina, Fulshear , Texas, Houston, Spring , Texas, Texas, South, . California, Francisco

☆ Some renters may be ‘mortgage-ready’ and not know it. Here's how to tell
▼ + stars: | 2024-07-18 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

In 2022, 39% of the 134 million families residing in the U.S. did not own the home they lived in, according to Census data. But on the other hand, households might be unaware they can afford a mortgage, said Orphe Divounguy, senior economist at Zillow. "If rental prices are coming up, maybe it's a good time to consider [buying instead]," she said. "The first step is trying to understand whether or not it's worth getting all the paperwork together," she said. Understanding the status of your credit and your debt-to-income ratio is a good place to start.

Persons: Zillow, Orphe Divounguy, Melissa Cohn, Cohn Organizations: American, Survey, U.S . Census, Zillow, Finance, William, Mortgage Locations: U.S

☆ This senior housing stock could soar 25% as the population ages, says Bank of America
▼ + stars: | 2024-07-15 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Senior housing stocks are set to take off as the American population ages, according to Bank of America. Ventas' portfolio includes senior housing communities, medical office buildings and other health-care facilities. Bank of America sees "significant" senior housing operating margins upside ahead, driven by cyclical and secular growth. However, a nonrenewal and a conversion of the properties to Ventas' senior housing operating portfolio would provide an additional 1.2% boost to net operating income, he said. That said, Ventas is not the only senior housing REIT that Bank of America likes.

Persons: Joshua Dennerlein, Dennerlein, Brookdale, Ventas Organizations: Bank of America, . Census, Healthcare Locations: Brookdale

☆ Goodyear, Arizona to Fort Myers, Florida: 10 fastest-growing retirement hot spots in America, according to a new study
▼ + stars: | 2024-06-29 | by ( Celia Fernandez | ) www.cnbc.com time to read: 1 min

When Americans think about where to retire, they're pretty likely to think about Florida and a June GOBankingRates study of the fastest-growing retirement hot spots around the U.S. shows just that. Four of the top 10 retirement hot spots ranked in the study are in Florida. The Sunshine State also landed 12 spots on the top 50 list. To determing the ranking, GOBankingRates looked at every city in the U.S. that met the following criteria: had at least 7,500 people aged 65+ living in the area as of 2022 and a 65+ population above the national average of 16.5%. All data used in the study was sourced from the 2022, 2021, and 2017 American Community Surveys conducted by the U.S. Census Bureau.

Persons: GOBankingRates Organizations: The Sunshine State, U.S . Census Locations: Florida, U.S

☆ These are the least difficult areas in U.S. to buy a home: NBC News Home Buyer Index
▼ + stars: | 2024-06-23 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +5 min

10'000 Hours | Digitalvision | Getty ImagesThere are areas in the U.S. that are considered to be the least difficult places to buy a home, according to a new real estate indicator. When the counties are sorted by index rank, Iroquois County, Illinois is the least difficult market to buy a home, according to the NBC News Home Buyer Index. Economic Instability: Macon County, Tennessee has the most stable local economy among measured areas. And finally, economic instability considers an area's market volatility, unemployment levels and interest rates. The NBC News Home Buyer Index was developed by NBC News alongside housing experts, such as a real estate industry analyst and a bank economist from the Federal Reserve Bank of Atlanta.

Persons: Joe Murphy, —, Murphy, Danielle Hale, Jacob Channel, Hale Organizations: NBC, U.S ., Finance, NBC News, Federal Reserve Bank of Atlanta, U.S . Department of Housing, Urban Development, . Census, Federal, Fed, who've Locations: U.S, Iroquois County , Illinois, Somervell County , Texas, Imperial County , California, Macon County , Tennessee

☆ More single-family built-for-rent homes are under construction in the U.S.
▼ + stars: | 2024-06-21 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +4 min

Leopatrizi | E+ | Getty ImagesMore built-for-rent single-family homes are being constructed in the U.S., according to the National Association of Home Builders, and experts say this is in part due to the housing affordability crisis. Construction began on about 18,000 single-family, built-for-rent homes in the first quarter of 2024, a 20% jump compared with the first quarter of 2023, according to NAHB, which analyzed data from the U.S. Census Bureau's Quarterly Starts and Completions by Purpose and Design. Single-family built-for-rent starts grew to 90,000 units in 2023, up from 81,000 units in 2022, the National Association of Realtors reported. The growing share of built-for-rent single-family homes is a response to demand from "people who can't afford today's very expensive, out-of-reach housing market," Lautz said. Homeowners are also responsible for shouldering "hidden costs" that aren't figured into a mortgage payment, such as maintenance, repairs, taxes and insurance.

Persons: Robert Dietz, Molly Boesel, Jessica Lautz, Lautz, NAHB's Dietz, Boesel Organizations: National Association of Home Builders, Census, Finance, JPMorgan, Trump, National Association of Realtors, Survey, U.S . Census, NAR, Mortgage, Association Locations: U.S

☆ The salary a family of 4 needs to get by in every U.S. state—it's more than $150,000 in the most expensive one
▼ + stars: | 2024-06-20 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

A family of four needs to earn at least $106,903 a year to cover their necessities in most U.S. states, a recent SmartAsset study reveals. The findings are based on cost estimates for housing, child care, transportation, health care, taxes and other common expenses, as tracked by the MIT Living Wage calculator. That said, basic expenses for a family of four in all states exceeds what most U.S. households typically earn, which is estimated to be a median of $78,171, according to data consulting firm Motio Research. And about 1 in 5 parents say they've relied on a relative to help out with child care. Here's a look at the minimum amount a family of four would need to cover basic needs, including child care, in each state.

Persons: it's, they've Organizations: MIT, Motio, Census Locations: Massachusetts, Hawaii, Connecticut, York, California, Mississippi, Los Angeles, New York City, U.S

☆ Up to 65% of workers with these jobs are middle class—and some don't require a bachelor's degree
▼ + stars: | 2024-06-11 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +3 min

But the middle class may be more occupationally ambiguous, especially since a middle class income can range from $49,720 to $149,160 in the U.S., according to Pew Research's definition and based on the latest Census Bureau income data. Pew defines the middle class as households earning between two-thirds and double the median income, which was $74,580 in 2022, according to the U.S. Census Bureau. Since over half of U.S. households were estimated to be in the middle class as of 2022, Pew says, it makes sense the jobs that offer those middle class incomes would vary. But some positions and industries tend to have higher shares of middle class workers. Notably, many of the jobs that are likely to ensure a middle class salary may not require a college education.

Persons: Pew Organizations: Pew, . Census, Survey, Armed, Workers, Bureau of Labor Statistics, Department of Defense, Public, CNBC Locations: U.S

☆ Homebuyers take on 'a lot more than a mortgage payment,' expert says — 'hidden costs' average $18,000 a year
▼ + stars: | 2024-06-11 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

"Homebuyers have to make a compromise along the way, and often it's the age or the condition of the home," she said. The survey found that the median age of owner-occupied homes in the U.S. is about 40 years old. A mistake, however, is spending your entire reserve of savings for the down payment and ending up "house poor," Ostrowski said. In 2023, 46% of homeowners used cash from savings to cover home improvement projects, according to Angi.com. On average, there are three offers for every home that's listed for sale, Lautz said.

Persons: Jessica Lautz, Lautz, Ostrowski, you've, They're, who's Organizations: National Association of Realtors, Survey, U.S . Census Locations: U.S

☆ Craft cocktails, mountain bikes and art: Walmart's hometown is booming, and getting more expensive
▼ + stars: | 2024-06-06 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +13 min

— When Gil Curren's family moved into a run-down farmhouse in Walmart's hometown of Bentonville, Arkansas, in 1971, the now-retail giant wasn't yet a decade old. Craft cocktails, hipster coffee shops and chef-driven restaurants have popped up around the city. Realtor Kristen Boozman, who works for Sotheby's, helps clients search for homes in the Bentonville area, including many buyers who are relocating from another city. Home values have shot up in the Bentonville area. A Walmart spokeswoman said the Walton Family Foundation funds and advocates for affordable housing projects in the Bentonville area.

Persons: Gil Curren's, it's, Sue, Gil Curren, Melissa Repko, Hunt, Tyson, Shawn Baldwin, Sam Walton, Walton, Walton's, Steuart, Tom Walton, Sam Walton's, Alice Walton, Bridges, She's, Crystal Bridges, Kristen Boozman, There's, Donna Morris, Morris, Tracy Robinson, she's, CNBC Tracy Robinson, Robinson, Stanley, Matthew Cooper, Tom, Cooper, he's, district's, It's, Jeff Webster, Bentonville Shawn Baldwin Organizations: Cyclists, Kansas City, CNBC, Walmart, Craft, Fortune, Tyson Foods, PepsiCo, Hershey, Mattel, . Census, Cushman &, Sage Partners, of Commerce, Northwest Arkansas Council, D.C, Ropeswing Hospitality, Bentonville Schools, Excellerate Foundation, Walton Family Foundation, Walton Family, Bentonville Locations: BENTONVILLE, Ark, Walmart's, Bentonville , Arkansas, Bentonville, Kansas, Austin , Texas, New York, U.S, Silicon, It's, Arkansas, Cushman & Wakefield, American, Crystal, Austin, Boise , Idaho, Dallas, Fort Worth, Atlanta, Toronto, New York City, Miami, Washington, New York City , Washington, Bentonville's

☆ These 10 places have the largest shares of middle class residents in the U.S.—4 are in the Midwest
▼ + stars: | 2024-06-04 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +1 min

Depending on where you live, what's considered a middle income may not actually afford you a middle class lifestyle. Still, over half of U.S. adults self-identify as middle class or upper-middle class, according to a 2024 Gallup Poll. The organization defines middle class as income between two-thirds and double the national median household income, after incomes have been adjusted for household size. Middle income residents make up 65% of the population in Dover, Delaware — the largest share of over 200 metropolitan areas Pew analyzed. There, you need to earn between $36,292 and $108,876 a year to be considered middle class.

Persons: what's Organizations: Pew Research, Pew, . Census, American, Survey Locations: U.S, Dover , Delaware

☆ 10 U.S. cities where homeowners pay more than renters, according to data from SmartAsset—6 are in California
▼ + stars: | 2024-05-30 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

New York City is the No. 10 city where homeowners are paying more than renters, according to a May SmartAsset report. The report assessed the difference in monthly costs between owning a home and renting in 343 cities with a population of over 100,000 people. In the top two cities, Berkeley and California, owning costs are up to $2,000 or more per month compared to renting. Homeowners in these areas often pay twice as much as renters, the report states.

Organizations: New, Survey Locations: U.S, New York City, California, Berkeley

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