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The middle class in America is disappearing, and hotels need to adapt.
Credit: Feifei Cui-Paoluzzo / GettyThe middle class is disappearing in the United States.
- Ian Schrager, the legendary hotelier credited with inventing boutique hotels, says hotels will make two major changes to keep up with the changing demographics.
- In the US, “you have the 1%, and then you have everybody else, with a declining middle class,” Schrager told Business Insider. “And I see hotels following the same thing.”
- Hotels will become either super luxurious and expensive to cater to the 1%, or more value-oriented, with “nothing in the middle,” Schrager said.
The middle class in the US is on the decline.
Middle-income Americans represented about 61% of the country in 1971, but only 52% of American adults were classified as middle-income in 2016, according to Pew Research Center data.
And only 44% of Americans said they considered themselves in […]
Credit: GreatGreenWall.org
More than 20 African countries have joined together in an international mission to plant a massive wall of trees running across the continent – and after a little over a decade of work, it has reaped great success.
The tree-planting project, which has been dubbed The Great Green Wall of Africa, stretches across roughly 6,000 miles (8,000 kilometers) of terrain at the southern edge of the Sahara desert, a region known as the Sahel.
The region was once a lush oasis of greenery and foliage back in the 1970s, but the combined forces of population growth, unsustainable land management, and climate change turned the area into a barren and degraded swath of land.
After decades of political collaboration, the Great Green Wall project was finally launched by 11 countries in 2007.
The initiative has since recruited at least nine additional countries to plant drought-resistant acacia trees across the entire width of the continent. Though the wall is currently only about 15% percent complete, it has already dramatically impacted the participating countries.
Over 12 million acres […]
Yerlin Yessehia, 11, of Honduras waits with her family along the border bridge after being denied entry into the U.S. from Mexico on June 25, 2018, in Brownsville, Texas.
Credit: Spencere Platt/Getty
President Trump has faced significant criticism for his immigration policy, yet the administration has managed to find a friend on this issue in the Supreme Court. The nation’s highest court decided that ICE may detain immigrants indefinitely while awaiting deportation proceedings.
As a consequence, ICE can continue putting any immigrant — legal or undocumented — into a detention center for perhaps years at a time if the individual has ever committed a crime. Not only is there no timeline for how long immigrants can be held in these centers, but immigrants can also be apprehended years after the crimes — even relatively minor ones — without warning.
Traditionally, if the government feels an immigrant warrants deportation after serving a criminal sentence, U.S. officials almost immediately set that process in motion. The Trump administration, however, has […]
Even with rising wages and falling mortgage rates, Americans can’t afford a home in more than 70 percent of the country. Out of 473 U.S. counties analyzed in a report, 335 listed median home prices more than what average wage earners could afford, according to a report from ATTOM Data Solutions. Among them are the counties that include Los Angeles and San Diego in California, as well as Miami-Dade County in Florida and Maricopa County in Arizona.
Edging toward a buyer’s market
Broadly speaking, homes are more affordable today than they were one […]
Recent research by West Health and Gallup discovered that American adults fear a major health event could lead to bankruptcy, that the U.S. economy is in significant danger and that the U.S. government is ill-equipped to address rising healthcare costs in a significant way. The study findings are based on a nationally representative survey of more than 3,500 randomly selected U.S. adults.
Americans Report Great Angst Over Healthcare Costs
The study revealed more than 3 in 4 Americans believe they pay ‘too much’ for healthcare relative to the quality of care they receive. Furthermore, 45% of the American public is concerned that a major health event could result in personal bankruptcy. Surprisingly, this concern remains relevant for Americans in the top 10% of earners. Of Americans who reported earning more than $180,000 a year, 1 in 3 were “concerned” or “extremely concerned” that a major health event could result in personal bankruptcy.
45% of American adults fear a major health event will leave them bankrupt
But the anxiety induced by healthcare costs goes beyond worry over personal finances. Three […]
Remote Viewing the Year 2060
