The Income Needed to Be Middle Class in Every U.S. State—Nearly $200,000 in Two States

Fubu Radio Article The Salary You Need to Be Considered Middle Class in Every U.S. State—It's Close to $200,000 in Two States

The income needed to be considered middle class in the U.S. varies greatly by state, with some states requiring over $150,000 annually. Maryland and New Jersey are at the high end, where a middle-class income approaches $200,000. The exact ranges are based on data from the U.S. Census Bureau’s 2022 American Community Survey. Financial well-being, however, goes beyond income and is influenced by our perceptions and comparisons, says financial psychologist Brad Klontz.

GameStop Short Sellers Lose $1.24 Billion in May: What’s Next?

Demetrius Game Stop Article GameStop Short Sellers Lose $1.24 Billion in May: What's Next?

The meteoric rise of GameStop’s stock has put short sellers in a precarious position, with losses totaling $1.24 billion in May alone. Monday’s surge was particularly brutal, leading to an $838 million loss for hedge funds. The resurgence of “Roaring Kitty” on social media has reignited interest, echoing the historic 2021 trading frenzy. As meme stocks like GameStop and AMC continue to rally, short sellers are bracing for more turbulence.