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Why even high-earning Americans are still living paycheck to paycheck

Why even high-earning Americans are still living paycheck to paycheck

CNBC7 days ago
About 14% of U.S. households make $200,000 or more every year, according to the U.S. Census. But many of them, dubbed 'HENRYs,' or High Earners, Not Rich Yet, still don't feel rich. More than 60% of people with salaries over $300k a year struggle with credit card debt. These figures could be signs of the inescapable nature of lifestyle creep, which is the phenomenon of unconsciously spending more as a person earns more.
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We can't just let states go rogue and redistrict more than once a decade
We can't just let states go rogue and redistrict more than once a decade

The Hill

time3 days ago

  • The Hill

We can't just let states go rogue and redistrict more than once a decade

Consider this a call to state reason. Here in Maryland, I am introducing legislation to automatically redraw our state's eight congressional districts if and only if another state breaks from our shared norms and chooses to redraw their lines more than once this decade. Texas and others are currently threatening to do so — even though they, Maryland and other states have already redrawn their U.S. House districts for this decade based on the 2020 U.S. Census. If these states are allowed to change the rules and districts in the middle of the coming election, the remaining states will be forced to counter this blatant power grab. Even if it takes states years to implement a response, a strong response must be offered to disincentivize such conduct now and in future election cycles. But I still hope we can all step back from the brink. Indeed, Texas leaders ran this play once before, in 2003, when they drew and re-drew congressional districts until they got the result they wanted. Georgia followed suit soon after, but the rest of the states looked on quietly as this questionable, anomalous behavior played out in that decade. Now, as we watch history repeat itself two decades later, we cannot again allow states to go rogue and form a lasting precedent for re-drawing congressional districts whenever they want. Since each state draws its own lines to elect its members of Congress, we at least need parity on this fundamental question of how often a state can redraw its share of the combined 435-member House of Representatives. Parity — and predictability — on these basic ground rules is essential to the integrity of our shared democracy. Fairness dictates either that all states should redistrict whenever they want, or that none should do so. The reasonable choice is the latter. It should be obvious that subjecting the public — and Congress itself — to endless redistricting should be avoided. Unfortunately, this is not obvious to President Trump. He is attempting to rig the system and is publicly encouraging efforts to make state officials to 'find' votes for him in Congress. Amid plummeting approval ratings, Trump's strategy this time around is asking state leaders to keep redrawing the lines of their state's U.S. House districts until he gets the election results he wants. The last time the president needed help 'finding' votes, numerous state leaders dared to say no. We need that same courage now. Meanwhile, there is another, better way forward. States can choose reason by adopting an interstate compact to govern redistricting — at least on this question of how often they are allowed to redistrict. I urge states to adopt such a treaty until Congress puts these ground rules into federal law or the courts see fit to step in and properly referee for our fragile democracy. But again, I hope state leaders can all quickly step back from the brink. With any luck, my legislation and call to action will be moot, and states will stick with the norm of only drawing new congressional districts one time after the decennial census. But if rogue states repeat their history of trying to one-up their fellow American states, the other states must unfortunately respond in kind this time. Hopefully, that coming spiral will give members in both parties the courage of reason to end this race to the bottom.

Ron DeSantis Says Trump Admin Wants a New Census Ahead of Schedule
Ron DeSantis Says Trump Admin Wants a New Census Ahead of Schedule

Newsweek

time4 days ago

  • Newsweek

Ron DeSantis Says Trump Admin Wants a New Census Ahead of Schedule

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Florida Governor Ron DeSantis says the Trump administration is actively considering ordering a new U.S. Census ahead of schedule, challenging long-standing norms on apportionment. The next U.S. Census isn't officially scheduled until 2030. "I know they've considered doing another census," DeSantis said Wednesday in Tampa, adding that if conducted, the count would exclude undocumented immigrants. He argued the 2020 census had "gypped" Florida out of a congressional seat by undercounting its population, noting, "We would love for them to redo the census for '26." DeSantis's remarks reflect a broader Republican push—supported by President Donald Trump—to cobble new electoral maps in advance of the 2026 midterms. An earlier census could allow Republican-led states to redraw congressional districts before the 2026 midterms, potentially shifting political power in their favor. It would also open the door to excluding undocumented immigrants from population counts—an approach that could reduce representation and federal funding for Democratic-leaning, immigrant-rich areas. WATCH: @GovRonDeSantis calls for a new census EXCLUDING all non-citizens and factoring in the MASSIVE population exchange which has occurred between blue states and red states — Florida's Voice (@FLVoiceNews) July 30, 2025 This is a breaking news story. Updates to follow.

DeSantis says a census redo could be in works amid state redistricting wars
DeSantis says a census redo could be in works amid state redistricting wars

Politico

time4 days ago

  • Politico

DeSantis says a census redo could be in works amid state redistricting wars

Texas, the nation's second largest state, is already embarking on a mid-decade redistricting that could result in Republicans picking up five additional seats. Florida picked up an extra congressional seat after the last U.S. Census. DeSantis, however, has maintained that the census — which was largely conducted during the first Trump term with the results announced by President Joe Biden's administration — under-counted Florida, which he contends cost the state an additional House seat. During remarks made at a Tampa roundtable on education, the governor said he was he 'told at the tail end of the [first] Trump administration that we were going to get at least two seats and so we were shocked when it came out.' DeSantis said he considered suing but ultimately decided against it. He said, however, he has had discussions with Commerce Secretary Howard Lutnick and 'they agree that Florida did not get the population that it should have gotten.' In his remarks he said 'I know they've considered doing another census,' and that if it's done that it would not include anyone who had entered the country illegally. The first Trump administration tried multiple times to find ways to exclude some immigrants from the 2020 apportionment count, but ultimately abandoned the idea after a U.S. Supreme Court loss and pandemic-related delays pushed the data release until after his term ended. 'I hope that they do redo the census, I think Florida would benefit if they redid the census. But even short of that I do think we are going to be looking at the pathways to be able do the redistricting here in Florida,' DeSantis said.

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