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#middleincome

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Impish4249<p>Walking through an <a href="https://mastodon.social/tags/OldNavy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>OldNavy</span></a> store (budget clothing in USA) &amp; noting that everything I'm checking is made in <a href="https://mastodon.social/tags/Vietnam" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Vietnam</span></a> or <a href="https://mastodon.social/tags/Bangladesh" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Bangladesh</span></a>. I don't remember what the <a href="https://mastodon.social/tags/tariff" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariff</span></a> on Bangladesh was but 96% rings a bell for Vietnam. Old Navy, like most retailers in their space, has something like 7-10% margin. Prices here will effectively double leaving <a href="https://mastodon.social/tags/lowincome" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>lowincome</span></a> &amp; <a href="https://mastodon.social/tags/middleincome" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>middleincome</span></a> folks in a pinch and Old Navy and similar companies in trouble. Everyone is in trouble.</p><p><a href="https://www.nytimes.com/2025/04/06/world/asia/vietnam-trump-tariff-delay.html" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">nytimes.com/2025/04/06/world/a</span><span class="invisible">sia/vietnam-trump-tariff-delay.html</span></a></p>
Nonilex<p>One of the big shifts <a href="https://masto.ai/tags/KamalaHarris" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>KamalaHarris</span></a> has imposed on the Biden strategy is that she leans much more heavily to the issue of costs. She starts out the gate, running at the <a href="https://masto.ai/tags/inflation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>inflation</span></a> argument, arguing that she is who will protect <a href="https://masto.ai/tags/family" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>family</span></a> pocketbooks.<br><a href="https://masto.ai/tags/Harris" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Harris</span></a> takes <a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> to task on his proposed <a href="https://masto.ai/tags/tariff" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariff</span></a> plan. Trump has proposed a 10% automatic tariff on $3 TRILLION of annual US imports, which would cost a typical <a href="https://masto.ai/tags/MiddleIncome" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MiddleIncome</span></a> household ~$1,700 per year….A huge increase from tariffs of his 1st term.</p>
Biscuitfeatures<p>Middle class Australian families are struggling to afford groceries (don’t even ask about us low income earners). The cost of living is rising at a crazy rate, across every area - food, bills, mortgage/rent, etc. </p><p>This feels like the kind of crisis the government should be responding to, but what sort of actions could they take to reduce the financial stress being faced by low and middle income families? Because I feel like it’s time to get loud about requesting that.</p><p><a href="https://aus.social/tags/auspol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>auspol</span></a> <a href="https://aus.social/tags/costofliving" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>costofliving</span></a> <a href="https://aus.social/tags/lowincome" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>lowincome</span></a> <a href="https://aus.social/tags/middleincome" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>middleincome</span></a> <a href="https://aus.social/tags/financialcrisis" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>financialcrisis</span></a> <a href="https://aus.social/tags/petition" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>petition</span></a></p>
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