But defining the middle class is much easier said than done. According to an American Community survey from 2013, to be considered middle class in pennsylvania, you need a Median Household Income of about 52,000 a year. In new jersey, its 70,000. And in delaware, about 58,000. But theres more to those numbers. Where the middle class lives, what they do, how they think may have as much of an impact when it comes to defining the middle class as their salary. Joining me now are two experts who know more about the middle class in our area than just about anybody. Larry eichel is the director of the Philadelphia Research initiative for the Pew Charitable trusts. The initiative released an extensive report on the citys middle class several years ago. Also joining the conversation, ira goldstein, the president of policy solutions for reinvestment fund. Reinvestment fund has done Expansive Research on philadelphias middle class neighborhoods. Thank you both for coming in. Larry eichel great to
Do before, brian hosted that one as well. We talked, and i was shocked and i dont know how you feel about this on a friday with all the potential risks over the weekend, vix closed effectively unchanged, closed up three quarters of a percent or not i would have said if you told me all this was going to happen today, the dow had at least 500 points and the vix north of 15 i understand why you would want to buy protection. By the way, theres a lot of scary stuff that the market doesnt seem to think so. The most important thing i would focus on there was some massive underlying weakness in the big market leaders this week we saw it in the semiconductors, in some of the faang stocks. Thats something that makes a lot of sense wednesday, when the semiconductor was down and the s p flat because of the rotation in financials and industrials and retail that was troubling to me its fantastic that s p could be flat, but there is some underlying weakness here. Yeah. I mean one other quick point, o
Monica [ voice breaking ] anybody who wants to support my mom, [bleep] go for it. Lemonis if i cant convince her to trust my process, Monica Potter home may be at risk of closing forever. Monica i just i cant do it. Lemonis sit tight for a second. Monica ii cant do any more. Lemonis my name is marcus lemonis, and i risk my own money to save struggling businesses. Were not gonna wake up every morning wondering if we have a job. Were gonna wake up every morning wondering how many jobs we have to do. Its not always pretty. Everythings gonna change everything. But i do it to save jobs, and i do it to make money. This. Lets go to work. Is the profit. You might recognize Monica Potter from nbcs longrunning series parenthood. But when shes not making movies or tv, shes making products like skincare, room sprays, and candles and selling them through her company, Monica Potter home. Monica the best part about the whole company is we are bringing jobs back home. Lemonis a cleveland native, monic
Holmes caught on camera. Selena and justin reunion. The luke brian exclusive. The idol judge on his sexy stage moves. Why is general garner reading to her chicken . Did you hear about the tortoise . Nothing to laugh about. This is entertainment tonight. Jamie foxx and econokatie h spotted for affectionate than ever before. Matt lauer is dealing with a new accuser who is speaking out. One trick is all that horse will do. He knows one trick only. Quote, matt took advantage of his power. Its secondening. Breaks my heart he did this for so long. Those are the word of addie collins. She is the first accuser to go on record with his identity. Accusing him of ie a babuse o. Saying they engaged in a onemonth long affair. Does it sound good . Do you like the way it sounds . Strange. In her account publish in the variety the wife and mother providing copies of messages she claimed were sent to her by lauer in 2003. Quote, i hope you drag me to personnel but you look great today. A bit tough to c
Some Additional Details that we have learned about whats in it. The repatriation rates are slightly higher than what we had been reporting 8 for liquid assets and 15. 5 for cash previously we had been told the rate would be 15 for cash also, the individual mandate, that repeal will begin in 2019 so a oneyear delay of the repeal of the individual mandate. Also uncarried interest, the threeyear Holding Period that both the house and the senate had proposed will remain first in first out provision that will limit investors choose from when they sell their stock that is out from the final version of the bill. The other headline numbers that we had been reporting are now confirmed. Corporate rate is 21 and that will take effect immediately the top rate for individuals, 37 and that would apply to individuals with income of 500,000 or above or coupled with income of 600,000 or above. Now one of the key changes that republicans made to the bill was to expand the Child Tax Credit and making mor