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Americans now need to make $120K a year to afford a typical middle-class life and qualify to purchase a home, one expert discusses.

“I think most of us in America would define the middle class as somebody who can work a 40-hour-a-week career and can have the income to purchase the average home in America,” Freddie Smith, an Orlando realtor and TikTok creator, told Fox News Digital.

The TikToker, whose videos explore millennial and Gen Z struggles to afford a home and the general cost of living in today’s economic climate, dissected the common factors of living a middle-class existence.

“A lot of us grew up middle class, and we watched what middle class was in the 80s and 90s as millennials. And nowadays, what has moved the goalpost more than anything is the housing market,” the relator said.

Smith explained how, just a few years ago, $60-$70K a year would have been sufficient to qualify for a home. 

With the average cost of a house being around $400K-$420K in 2024, people’s salaries would need to be around $120K a year for people to even qualify, Smith explained.

The realtor highlights how this wage-to-housing gap has forced many people to rent for a longer period.

“Rent prices are taking up 30-40% of people’s income, making it harder for them to save for a house. So it’s this perpetual cycle that is keeping people out of the middle class,” he explains, noting this trend has been continuing at a rapid pace over the last few years.

Smith also explained how a $120K salary, even without children, becomes a far lower number when confronted with the crippling debt most Americans are facing today.

Is 100k salary the new middle class? ??

“Most people are carrying student loan debt, which is at an all-time high, and the average payment in the country is $500 a month for your college degree. [There are] some people I’m seeing in my comment section saying $500, I wish, it was $1,200 a month for me,” said Smith.

Credit card debt is also at a record high in America, and while Smith acknowledges that reckless spending could be a factor, he has learned from many Americans commenting on his posts that many are forced to use their cards for groceries because they ran out of money.

According to DQYDJ, the average American income in 2023 was roughly $69K a year, with only 18.8% percent of Americans reaching $100K or more a year. According to the same source, the top 10 percent of individual earnings started at $135,605 a year.

The middle class is in a segmented state, Smith argues, largely determined by how much debt one finds themselves in. 

“If you are someone who bought a house before 2020 and you have it paid off or you have a 3% interest rate, you are not burdened by the housing costs like the 2024 adults are now,” the relator said, explaining how debt, especially college debt, housing costs and childcare are burdening millennials and Gen Zers starting their lives.

“People are spending about $1,200 to $1,500 a month on daycare, and I’ve even heard it as much as $3,000-$4,000. So when you add in somebody who’s renting for $2,500, $2,000 for daycare, $1,000 for two college loans, just that alone, you need $100,000 as an income just for that,” said Smith.

For slightly older individuals who had a chance to pay off their debt and have grown-up children, $70K remains a comfortable middle-class wage to them.

“‘These millennials are whining. These Gen Zers just work harder.’ If you bought your house before and don’t have those other payments, that’s really the three-layered cake. Housing, college [debt] and daycare” explained Smith, highlighting these three factors greatly determine your middle-class placement.

As a result of high housing costs, many young people are choosing to stay at home with their families to save funds.

Smith explains how he is seeing communal living go even further in Florida, where separate families are choosing to live under one roof.

“Many families [with] 3 or 4 adults and [say] five children, they all split a big house, and they all take care of each other. You can see that they have a lot of toys and they’re pooling their money,” Smith detailed.

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The TikToker enumerates how millennials and older Gen Zers had a “difficult” hand dealt to them. Younger Gen Zers, however, have a lot of “opportunity” to “crush in today’s economy” if they plan carefully to avoid debt and make smart financial choices.

“The millennials, they’re the pinched generation where college essentially stopped working for most. The debt piled up, and the old American dream died, and we got left holding the bag,” he said.

The creator said that through posting on TikTok, he has learned a tremendous amount about the everyday struggles real Americans are facing through his comment section.

“People in America, real society, are sharing all this with me. And I’m learning at a rapid pace from all different individuals. It’s not just googling it, or asking 100 college students what they think. It’s thousands and thousands of people sharing what’s going on,” said Smith.

The realtor discussed how there is a “bigger conversation” around an evolving American Dream that we’re likely to see take place over the next few years.

“We’re basically redefining the American dream from top to bottom, like the way that we see work and work-life balance,” said the creator, explaining how the idea of owning a home might grow old alongside past generations.

“I don’t even know if millennials and Gen Zers want to follow that path of buying a house and living in it for 40 years and staying at the same job for 40 years. I don’t think creatively, work-life balance wise, is also what our long-term play is,” he said.

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Bridgerton creator Shonda Rhimes reacts to claims of ‘woke’ casting – and why she’s considering moving to the UK

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Bridgerton creator Shonda Rhimes reacts to claims of 'woke' casting - and why she's considering moving to the UK

Bridgerton creator Shonda Rhimes says filming the drama and its spin-off Queen Charlotte in England has prompted her to consider relocating to the UK.

The US producer, who is behind some of the most popular TV dramas of the past two decades, told Sky News working in Britain had been a “really welcoming experience”, adding: “I’ve been spending a little bit more time over here and I’m going to try to spend even more if I can swap my kids into a British school.

“I’m trying to figure that part out, but I do really love being here and it’s always been such a great experience.”

Rege-Jean Page and Phoebe Dynevor as Simon Basset and Daphne Bridgerton in Bridgerton. Pic: Netflix
Image:
Rege-Jean Page and Phoebe Dynevor as Simon Basset and Daphne Bridgerton in Bridgerton. Pic: Netflix

Rhimes’ vast contribution to television has been recognised at this year’s Edinburgh TV festival, where she was given its inaugural fellowship award for the global impact of her shows.

Her first huge hit was Grey’s Anatomy. The medical drama, which began in 2005, is now in its 22nd season.

Shonda Rhimes created Grey's Anatomy. Pic: ABC/Kobal/Shutterstock
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Shonda Rhimes created Grey’s Anatomy. Pic: ABC/Kobal/Shutterstock

But finding an abandoned novel in a hotel room would motivate her to write Bridgerton, the drama that has become the biggest show on Netflix.

While its steamier scenes are often what garner most attention, she says after reading the books, she came to see it as a “workplace drama”.

More on Bridgerton

“These are women in their workplace because, in a world in which they have no power, they have no ability to do anything else; their only value is who they marry and their only worth is focused into that,” she adds.

‘Bizarre’ criticism

Rhimes says she is thinking about moving to the UK
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Rhimes says she is thinking about moving to the UK

Rhimes agrees there is something inherently condescending about the way critics use terms like “guilty pleasure” to describe her dramas.

“There are certain people for whom the world of women will never be considered as serious or as complex or as interesting as the world of men,” she says.

Rhimes says she finds some of the reaction to her decision to reflect a diverse range of actors in Bridgerton’s cast “bizarre” after critics accused the show’s makers of “pandering to woke culture”.

Bridgerton has been one of Netflix's most popular shows. Pic: Netflix
Image:
Bridgerton has been one of Netflix’s most popular shows. Pic: Netflix

She said: “The idea that I am writing the show looking like I look, that it wouldn’t occur to me that there should be more people in the show who look like me, I feel like that’s an obvious point. Why would I write something that doesn’t include me in any way?”

Given the thousands of episodes of drama she’s written over the years, she’s all too aware that it’s likely artificial intelligence is probably being used to scrape her scripts.

“There’s a danger of AI learning from my episodes, maybe it will learn to be better at what it does, but, most importantly, I don’t think that there’s any substitute for that germ of creativity that comes from a human imagination, I really don’t.”

As for what she enjoys watching on TV, her eyes light up when I mention having heard she’s a massive fan of a certain British sci-fi classic.

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“Oh my God, I’ve loved Doctor Who forever! Forever!” she says, describing writer Russell T Davies’ work as “amazing”.

She adds: “For a while, people were like ‘what’s wrong with you?’ because they didn’t know the show. I fell in love with the David Tennant years, and I haven’t been able to let it go because of the writing.”

I ask if she’s ever considered a crossover episode.

She laughs: “I don’t know if there’s a Bridgerton meets Doctor Who…, but I would work with Russell at any time.”

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Sports

Matchup in Ireland is among the last for the Farmageddon football rivalry

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Matchup in Ireland is among the last for the Farmageddon football rivalry

Week 0 is college football’s oft-ignored start to the season. The good stuff doesn’t generally happen until the smorgasbord of Labor Day weekend.

This year, though, it begins with a unique bang. Consider that, right now in some Dublin pub, two fan bases from Middle America are likely baffling locals by arguing not merely over their teams but the per-acre yields of wheat vs. corn.

It’s Iowa State and Kansas State to kick things off — in Ireland no less.

It’s Farmageddon on the old sod, or Farm O’Geddon, as some have dubbed it this year.

The rural-rooted and wonderfully self-aware rivalry is getting a rare but well-deserved turn in the spotlight.

These are two proud and solid programs. Both are nationally ranked. The Wildcats check in at No. 17, and the Cyclones at 22. It’s a Big 12 game with conference title and national playoff implications.

“It’s certainly a great opportunity, and we certainly feel honored to be able to be a part of it,” Iowa State coach Matt Campbell said.

It’s also a reminder of how, even when college football is doing something well, the sport’s self-destructive ways can hang over everything.

This is the 109th consecutive meeting between these two schools, a run that dates to 1917.

Yet in 2027, there will be no scheduled game; Farmageddon’s streak will be a casualty of conference realignment.

The series predates the old Big Eight, which is now called the Big 12 even though it has 16 members, complicating everything. Trying to manage a schedule in a league that large is a massive challenge. The conference relies on what it calls a “scheduling matrix” to get it done.

The Big 12 chose just four long-standing rivalries to be “protected” and thus forced into the matrix each season: Arizona-Arizona State, BYU-Utah, Baylor-TCU and Kansas State-Kansas.

Those make sense — each is an intense, in-state clash. K-State would rather assure a game against Kansas than Iowa State, just as Iowa State wants to make sure it plays Iowa, of the Big Ten, each year in nonconference play.

Scheduling is tough. Sometimes something has to give.

Still, Farmageddon’s run of games is longer than Texas-Oklahoma, Michigan-Ohio State and the Iron Bowl between Alabama and Auburn. While Iowa State-Kansas State will be played again in future seasons, any break feels unfortunate.

Obviously, the rivalry isn’t nearly as storied as those. Both teams have endured lengthy periods where even mediocrity would have been welcomed. Still, there is something endearing about tradition. It isn’t just for the winners.

The strength of college football isn’t the blue bloods, or at least it isn’t solely in the blue bloods. Yes, the powerhouse teams drive the boat and command the television ratings. Every sport has that, though.

What college football has is everything else, everywhere else. The nation’s 136 FBS-level programs hail from more than 40 states. They are in big cities and tiny towns. There are big state schools and small private ones, religious institutions and military academies. Not everyone expects a national title. Or even a conference one.

This is an American creation that represents America in the broadest sense. That is: None of it makes sense except all of it makes sense. The passion. The pageantry. The pride.

That includes these weird neighborhood rivalries. Leagues were once formed because of familiarity or cultural commonality. You went to one school, your neighbor another. The geographic footprint mattered. Now it’s all about media rights and money.

The Big Ten has 18 teams. The Atlantic Coast Conference has two schools overlooking the Pacific Ocean. And the Big 12 is so big that the Kansas State-Iowa State rivalry — which survived world wars, droughts and depressions — can be brushed to the side.

Saturday’s game is a showcase for what needs to be maintained against the avalanche of money. It’s old-school stuff featuring two programs with reasonable expectations that mostly just want a taste of the big time and all the fun that comes with it.

So they’ve invested in it — as institutions and individuals. Try explaining to some Irishman that the 50,000-seat Bill Snyder Family Football Stadium in the Little Apple of Manhattan, Kansas, is larger than any sporting venue in the Big Apple of Manhattan, New York.

Or that Iowa State running back Abu Sama III is already a school legend for racking up 276 yards and scoring four touchdowns during a winter storm in 2023 at Kansas State.

That game will be forever known as Snowmageddon.

The tradition continues in Ireland, of all places, now with everyone watching. It’s a fitting moment for an overlooked series. It’s also a reminder to appreciate what this sport can produce, because even the good stuff isn’t necessarily safe.

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Sports

Red Sox move Buehler to pen as RHP eyes ‘reset’

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Red Sox move Buehler to pen as RHP eyes 'reset'

NEW YORK — The Boston Red Sox are pulling Walker Buehler from their rotation and sending the struggling right-hander to the bullpen.

“It’s going to be his new role,” manager Alex Cora said Friday before the Red Sox continued a four-game series with the Yankees. “We’ll figure out how it goes, maybe one inning, multiple innings. Whatever it is, we don’t know yet.”

Buehler’s next scheduled start would have been the opener of a four-game series in Baltimore on Monday. The Red Sox did not immediately announce who would take his turn. Right-hander Richard Fitts, currently with the Red Sox, and left-hander Kyle Harrison, who is at Triple A after being acquired in the Rafael Devers trade, are options.

“It’s obviously disappointing,” Buehler said. “It’s the first time in my career that I’ve been in a situation like that, but at the end of the day, the organization and, to a lesser extent, myself, kind of think it’s probably the right thing for our group and it gives me an opportunity to kind of reset in some ways.”

In his first season with the Red Sox after seven seasons with the Dodgers, Buehler is 7-7 with a 5.40 ERA in 22 starts and has allowed a career-worst 21 homers. He was 4-1 with a 4.28 ERA in his first six starts but is 3-6 with a 6.37 ERA over his past 16 outings. He also missed two weeks in May because of bursitis in his pitching shoulder.

“He’s been very frustrated with the way he has pitched,” Cora said. “I still believe in him. He’s a big part of what we’re trying to accomplish.”

Buehler last started in Wednesday’s 11-inning loss to the Orioles and allowed two runs in four innings while throwing 75 pitches. It was the ninth time this season he did not complete five innings.

After the game, he didn’t fault Cora for the quick hook.

“At some point, the leash I’m given has been earned,” he told reporters. “I think they did the right thing in coming to get me before the [Gunnar] Henderson at-bat. Our bullpen has been great. For me, personally, I think everything went according to plan until the fifth. You go double, four-pitch walk. The way I’ve been throwing it, it all kind of makes sense.”

Buehler also issued 54 walks in 110 innings this season for a career-high 4.4 walks per nine innings.

The Red Sox signed Buehler to a one-year, $21.05 million contract in December. The deal contains an additional $2.5 million in performance bonuses. The Red Sox also gave Buehler a $3.05 million signing bonus and includes a $25 million mutual option for 2026 with a $3 million buyout.

Buehler was 1-6 with a 5.38 ERA and pitched 75⅓ innings in the 2024 regular season for the Dodgers after missing all of 2023 recovering from Tommy John surgery. He helped the Dodgers win their second championship since 1988 by going 1-1 with a 3.60 ERA and pitched a perfect ninth for the save in Game 5 of the World Series against the Yankees.

Buehler’s only previous relief experience was eight appearances as a rookie in 2017. His last relief appearance was June 28, 2018, when he allowed a run in five innings after missing time because of a rib injury.

A two-time All Star in 2019 and 2021, Buehler is 54-29 in 153 appearances. He finished fourth in voting for the National League Cy Young Award in 2021 after going 16-4 with a 2.47 ERA in 33 starts when he threw 207⅔ innings.

Information from The Associated Press was used in this report.

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