Breaking into the middle class in New York State requires some big bucks — as soaring levels of inflation and lagging wage growth have driven up the cost of living.
The minimum annual income required for a family of four to be considered part of the middle class in the Empire State soared to $81,396 in 2023, according to the Pew Research Center and the US Bureau of Labor Statistics.
That’s roughly $7,000 more than it was for a couple with two kids in 2022, when the minimum income was $74,908 — and about $20,000 higher than $60,328 it took to live a middle class life in 2016.
Meanwhile, joining the middle class in the Big Apple came at an even steeper price last year: a minimum annual income of $318, 406, according to separate study by SmartAsset.
“It’s scary,” David Delisle, a financial literacy expert and author of “The Golden Quest: Your Journey to a Rich Life,” told The Post.
“Housing has gotten expensive for most people and that’s causing a bigger and bigger gap.”
Delisle pointed to the record levels of inflation, which has skyrocketed 17% since President Joe Biden took office, for shrinking the middle class nationwide.
“Incomes haven’t kept up with inflation in the same way we’ve seen all these other costs go up,” Delisle said.
New York State’s minimum income in 2023 left it just behind Hawaii, where a family of four needed $82,630 to be considered middle class.
The District of Columbia tied New York State, which was slightly more expensive than neighboring New Jersey and Connecticut.
By comparison, the nation’s median household income for a family of four to be considered middle class was $70,784 in 2021, according to census data.
The states with the lowest income to qualify as middle class were Alabama, Arkansas, Arizona, West Virginia and Mississippi.
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A family of four living in Mississippi needed to earn $60,431.
In 2022, Pew Research Center conducted a study which found that the share of American adults that could be considered middle class decreased considerably in the five decades between 1971 and 2021.
Fifty years ago, 61% of US adults were in the middle class while just 14% were in the upper income tier.
In 2021, however, the number of adults who were considered middle class fell to 50%, while those in the upper income tier increased to 21%.
The study found that there was also a greater share of those in the lower income bracket — 29% in 2021 compared to 25% in 1971.
Meanwhile, the wealthy have gotten wealthier at a more rapid pace than those in the middle and lower income classes, according to the study.
The median income for higher tier households rose 69% from 1970 ($130,008) to 2020 ($219,572), according to Pew.
For middle income households, their median income rose 50% — from $59,934 in 1970 to $90,131 in 2020.
The lower income households saw their incomes rise 45% — from $20,604 in 1970 to $29,963 in 2020.
If current trends persist, the middle class could shrink even more.
“If we don’t have that middle class everything is out of whack and unsustainable,” Delisle said.
“We’ll have people who can’t afford to live and people who have more money than they know what to do with.”
The cost of rural crime in Wales is at its highest in more than a decade, a new report has revealed.
Last year, rural crime cost an estimated £2.8m in Wales, according to insurance provider NFU Mutual.
That’s an 18% increase on the previous year, with Wales the only UK nation to have seen a rise.
For farmers like Caryl Davies, that makes their work harder.
The 21-year-old farms on a beef and sheep farm in Pembrokeshire.
She told Sky News that having the quad bike stolen from her family farm last August had made them feel “really unsafe at home”.
Image: Caryl Davies farms in North Pembrokeshire
The fact it happened in such a rural area was a “really big shock” for Ms Davies and her family.
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“We’d rely on the bike day in day out, to look after our cows and sheep, and it’s had a really negative impact on us,” she said.
The cost of replacing a bike exactly like theirs would be “close to £10,000”.
“They’re a really expensive piece of kit, but you can’t be without them, especially in these rural areas where we’ve got the mountain and maybe places that aren’t very accessible,” she added.
“The bike is totally crucial for our day-to-day running of the farm.”
Image: Caryl Davies
The incident was caught on camera in the calving shed, but the Davies family have since invested in an enhanced CCTV system. That comes at an additional cost.
“For some farmers, this is spare money that we haven’t really got,” Ms Davies added.
“Farming is hard enough as it is, without people stealing your things and having to spend this extra money on making your home farm safe.”
The total cost of rural crime across the UK has fallen since 2023 – down from £52.8m to £44.1m.
Quad bike and All Terrain Vehicles (ATVs) remained the top target for thieves during the past year, NFU Mutual’s figures show.
James Bourne farms in Pontypool, Torfaen, and claims to have had over 200 sheep stolen from common land adjoining his farm over a four-year period.
The 32-year-old told Sky News that losing sheep from his herd was a “big hit” on his business as well as the young family he is trying to support.
“The way agriculture is at the moment anyway, we’re struggling to make ends meet, and any profit that is in it is obviously being taken from me,” he said.
“So I really need to try and find out and get to the bottom of where they’re going because obviously it’s an ongoing issue.”
Image: James Bourne
Andrew Chalk, from NFU Mutual, told Sky News that while there had been a “significant drop” across the UK, there were “worrying signs”.
“In Wales,especially, rural crime’s gone up which just shows that organised criminals are looking for ways to target the countryside again and again,” he said.
“What we’ve found increasingly is that organised criminals are targeting certain areas of the countryside, so they’re hitting multiple farms in one night.
“They’re raiding them, they’re moving away to another area and then hitting multiple farms there. So it is hugely concerning.”
Image: Andrew Chalk
Mr Chalk said NFU Mutual had also heard reports of criminals using drones and other equipment to “look at the lay of the land”.
“What it does show is that organised criminals are always going to find new ways to target rural crime and that’s why we need to be on top of it and to work together to actually disrupt them,” he added.
Police forces in Wales say they are aware of the “significant impact” that rural crimes have on those affected.
A Dyfed-Powys Police spokesperson said the force had acquired new technology to help combat rural crime, including “advanced DNA asset-marking kits” and hopes to “empower farmers with effective tools and advice”.
The spokesperson acknowledged the difficulty of patrolling the entire police force area, “given the huge area” it has to cover, and thanked rural communities for their “continuing vigilance and for reporting any suspicious activity”.
Temporary Chief Superintendent Jason White, from Gwent Police, said the force would be “increasing resources” within the rural crime team throughout this financial year and urged anyone in a rural area who believes they have been a victim of crime to get in touch.
A man has been taken into custody two days after a US politician and her husband were shot dead in Minnesota, law enforcement officials have said.
Authorities had urged the public not to approach Vance Boelter, 57, who they warned could be armed, and who was reportedly posing as a police officer.
A massive manhunt was launched on Saturday after Melissa Hortman and Mark Hortman were shot dead at their home in Minneapolis in what Minnesota governor Tim Walz called a “politically motivated assassination”.
Police said the same gunman that killed the Hortmans had earlier shot and wounded Democrat senator John Hoffman and his wife, Yvette, at their home nine miles away.
Image: Representative Melissa Hortman and Senator John Hoffman. Pic: Facebook/Minnesota Legislature
Boelter was arrested on Sunday evening in a rural area in Sibley County, southwest of Minneapolis.
He faces two counts of second-degree murder and two counts of attempted second-degree murder in the deaths of the Hortmans and the wounding of Hoffman and his wife.
Image: The FBI released this image of Vance Boelter posing as a police officer. Pic: FBI.
Police said they responded to gunfire reports at the Hoffmans’ Champlin home shortly after 2am on Saturday and found them with multiple gunshot wounds.
They then checked on the Hortmans’ home, in the nearby Brooklyn Park suburb, and saw what appeared to be a police car and a man dressed as an officer leaving the front door.
“The individual immediately fired upon the officers, who exchanged gunfire, and the suspect retreated back into the home” and escaped on foot, said Brooklyn Park police chief Mark Bruley.
Authorities believe Boelter wore a mask as he posed as a police officer, and also used a vehicle resembling a squad car.
Several AK-style firearms and a list of about 70 names, which included politicians and abortion rights activists, were allegedly found inside the vehicle.
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1:08
Governor calls it ‘targeted political violence’
‘We are both incredibly lucky to be alive’
Senator Hoffman was shot nine times and is having multiple surgeries, according to a text message shared on Instagram by fellow senator Amy Klobuchar on Sunday.
The text from Yvette Hoffman added: “I took 8 and we are both incredibly lucky to be alive.”
She said her husband “is closer every hour to being out of the woods”.
Mrs Hortman used her position to champion protections around abortion rights, including laws to cement Minnesota’s status as a safe refuge for people from restrictive states, who travel there for an abortion.
Her work also sought to introduce protections for services that provide abortions.
Career spy Blaise Metreweli will become the first woman to head MI6 in a “historic appointment”, the prime minister has announced.
She will take over from Sir Richard Moore as the 18th Chief, also known as “C”, when he steps down in the autumn.
“The historic appointment of Blaise Metreweli comes at a time when the work of our intelligence services has never been more vital,” Sir Keir Starmer said in a statement released on Sunday night.
“The United Kingdom is facing threats on an unprecedented scale – be it aggressors who send their spy ships to our waters or hackers whose sophisticated cyber plots seek to disrupt our public services.”
Of the other main spy agencies, GCHQis also under female command for the first time.
Anne Keast-Butler took on the role in 2023, while MI5 has previously twice been led by a woman.
Until now, a female spy chief had only headed MI6– also known as the Secret Intelligence Service (SIS) – in the James Bond movies.
Image: Blaise Metreweli is the first woman to be named head of MI6. Pic: Reuters
Dame Judi Dench held the fictional role – called “M” in the films instead of “C” – between 1995 and 2015.
Ms Metreweli currently serves as “Q”, one of four director generals inside MI6.
The position – also made famous by the James Bond films, with the fictional “Q” producing an array of spy gadgets – means she is responsible for technology and innovation.
Ms Metreweli, a Cambridge graduate, joined MI6 in 1999.
Unlike the outgoing chief, who spent some of his service as a regular diplomat in the foreign office, including as ambassador to Turkey, she has spent her entire career as an intelligence officer.
Much of that time was dedicated to operational roles in the Middle East and Europe.
Ms Metreweli, who is highly regarded by colleagues, also worked as a director at MI5.
In a statement, she said she was “proud and honoured to be asked to lead my service”.
“MI6 plays a vital role – with MI5 and GCHQ – in keeping the British people safe and promoting UK interests overseas,” she said.
“I look forward to continuing that work alongside the brave officers and agents of MI6 and our many international partners.”
Sir Richard said: “Blaise is a highly accomplished intelligence officer and leader, and one of our foremost thinkers on technology. I am excited to welcome her as the first female head of MI6.”