The unemployment rate in United States has declined to a 50 year low reaching 3.7 percent in the current year but a lot of jobs in the US don’t pay enough so as to support even the middle class lifestyle.
The scenario is such that the salaries are not enough for the Americans to lead a decent lifestyle and has left them struggling as was concluded from a new study.
According to the new survey, about sixty two percent of the jobs fail to meet the demands of the middle class standards when both the factors i.e. wages and the cost of living in the metro area where most of the companies are based.
Jim Kessler who is the vice president of the policy for the Third Way and also the editor of the report said the country is facing an opportunity crisis which is the explanation of some of the economic uneasiness and even the political uneasiness.
According to the recent annual years of Pew Research Centre for the currently ending fiscal year, about 52 percent, forming a slight majority live in middle-class households and nearly 20 percent belong to the upper income households and that is only because of the reason that they are changing a lot of jobs, have huge inheritance, are a part of a big family where other members earn as well or have invested on which they can rely.
The research by the Third Way assessed the job opportunities in each of the metro areas in the United States along with the jobs themselves to draw the conclusions that whether they are meeting the requirements of the basic middle class standards or not and through those measures they have found that Trenton, New Jersey and Durham, North Carolina ranked at the top among st the countries 204 metro areas that provide better jobs whereas South Carolina and Honolulu were at the bottom.
Source: USA Today, KVTB
