How much do average Americans make after the Great Recession? In order to understand the middle class, we first have to draw a line in the economic sand. Many in our society would like to us national debt chart live forex that we live in a classless system but this isn’t true especially when we look at the financial data.
65,000 or more they have made it into the top 35 percent of affluent households. Now this may not seem like much to a large number of middle class Americans given the rising cost of goods over the last few decades. To be in the top 0. This data distribution was from 2007. When we talk about the 40 million Americans receiving food assistance this is where we are looking. 74,999 we cover 58 percent of all U.
63,000 according to the American Community Survey done by the Census. The above chart helps highlight the cutoff points for middle class Americans. 100,000 or more have somehow made this seem like the de facto income in America. Even at this level, only 20 percent of U. This is high relative to what many Americans are working with. Yet I think many in the media since they fall in this range seem to project their own income situation onto the public discourse.
200,000 is in the top 5 percent of our country. Yet even that isn’t enough to put them in the top 1 percent that control 42 percent of all financial wealth. But even within the top 1. Household incomes for this group have risen more dramatically than for any other. I guess many things are relative when it comes to income.
True wealth is actually measured by net worth. In 2009 the number of millionaire households jumped to 7. 8 million but this is down from the peak of 9. If you enjoyed this post click here to subscribe to a complete feed and stay up to date with today’s challenging market! 5M more over the next 40 years until age 82, an approx life expectancy. 265K and single but I don’t feel rich or wealthy whatsoever.
The way things are going, I don’t think social security is going to be there for me when i retire and the returns in the market are not going to be like before the great recession! Either you pay it back, or default. Deficits don’t matter and corruption is coming home to roost. Unfortunately most people don’t realize how expensive government really is. They don’t realize that this huge morass is choking the productive private sector. And the private sector is footing the bill.
Just where are you getting your information that government workers are so overpaid? Just a few short years ago, government couldn’t compete with salaries in the private sector, and it was hard to both attract new employees and to retain old ones. 100,000 a year at current pay levels. 2 million is a bit of an exaggeration. Do those figures represent such a fabulous income for someone who, first, lives in a high cost-of-living city and, second, does a dangerous job? How many fewer police officers would you like to have in NYC, BTW? And, Serge, exactly which government employees do you want to get rid of?
Who will do the work that needs to be done. Oh, yeah, we can follow the Cheney formula and contract out to private firms. Sure, that will really save money. After all, private corporations need to make profit.
I really don’t understand all the folks who seem to begrudge workers and middle class employees, public or private, decent salaries while never blinking at the fact that those at the top keep taking a larger and larger percentage of all income as each year passes. 10 percent of earners, according to Saez’s figures, was around 35 percent in 1987. 10 percent of earners according to reseach by Berkley’s Emmanual Saez was around 35 percent in 1987. Probably a few in high cost-of-living places like NYC and LA, but the rest? Even these figures, though, are distorted. Government employee wages and salaries are NOT the problem. This is distinguished from the data for households which includes two earners.