Take Two for August 6, 2013

What does it mean to be middle class in LA?

Aerial LA Los Angeles - 110 - downtown - 02

Mae Ryan/KPCC

The intersection of the 105 and the 710.

President Obama will be in Southern California today, making an appearance on The Tonight Show before heading south to Camp Pendleton. 

The President is on a renewed mission to spotlight economic issues facing the majority of Americans, and part of this campaign focuses on what it means to be middle class in America.

Technically, it means your household income is a little over $50,000. That amount might buy you a lot in the Midwest, but it doesn't amount to much in Holmby Hills or Palos Verdes.

Take Two wanted to find out what it means to be middle class in Los Angeles, so we spoke with Chris Thornberg, an economist and founded of Beacon Economics, a research and consulting firm here in L.A.

 

 


blog comments powered by Disqus