"Microsoft, $MSFT, is facing backlash after announcing 4,800 layoffs, including 1,600 in its Xbox division, while USCIS data shows the company has been approved to hire 2,273 foreign workers this year through the H-1B visa program," per FOX
For a family of 3 (2 working adults + 1 child), comfortable income (MIT + 50/30/20 method) drops vs family of 4 — mainly from lower childcare/food.
**San Francisco example:** ~$300K (vs $408K for 4).
Top cities stay pricey but more doable. Check https://t.co/ENnyWtzSIA for your exact metro!
Michelle and I loved reading to this bright group of kids today!
We hope this new Chicago Public Library branch at the Obama Presidential Center will be a place where folks come to read, check out books, and connect with one another for years to come.
BREAKING: The affordability crisis is so bad that, for the first time ever, both mom and dad are working full-time in most American families, per FORTUNE