The math on income inequality: Average annual income of the top 1% is $1,153,293 while that of the bottom 99% is $45,567.
Part of the challenge with distorted income distributions is that it hollows out the middle class. The middle class in the United States is now a minority. We have more people making higher incomes and more people making way less and this group is growing much faster. Our economy has taken a bimodal distribution with […]
The two income trap and the myth of high American wages: 50 percent of wage earners had net compensation of $28,851 or less.
If you can sum up the sentiment among the American public in two words it would be economic frustration. The public is frustrated that inflation is eating away at the quality of life many have come to expect. While families don’t need bankers or politicians to tell them about this, it is especially infuriating when […]
Average Salary in US: What does the average salary in the USA have to do with economic issues for a consumption based economy?
What is the average salary in the US? It is a challenge to get your hands on this data since a big portion of income figures are reported via median household income. In the US, the latest Census figures from 2008 to 2012 show that a typical household earned $53,000. Per capita income in the […]
The economic war on the young: young Americans are being priced out of the housing market, pushed into student debt, and many see no growth in wealth.
The job market continues to be depressed for young Americans. As graduation season comes to an end, many are going to start getting letters in the mail from their friendly student debt service organization. Other recent graduates continue to live at home facing a failure to launch as rents rise and the prospect of home […]
How much do Americans earn? Average income data for individuals and households. Stagnant income growth for American families.
How much do Americans earn? This seems to be a relatively easy question to answer yet rarely do we get concrete facts in the media about American income figures. On some financial shows, you get people saying that being middle class is making $250,000 a year which is outrageous because this is twisting words and […]
Sticking it to Millennials and young Americans when it comes to wealth: Households headed by those 40 years old or younger see inflation adjusted wealth 30 percent below 2007 levels while older Americans recoup losses.
The evidence continues to mount on the deep pangs of financial pain faced by younger Americans before and after the Great Recession. The Federal Reserve Bank of St. Louis posted wealth information and what we find is that for those 40 years old and younger, there has been little recovery since the recession ended officially […]
The two-income trap for Americans: How dual income households are a financial necessity in a time when the median per capita wage is $27,000.
Recent Social Security data released this month revealed that income disparity is only growing in the United States. The released figures show that the median per capita wage in the US is $27,519. Given the costs for college, healthcare, and housing many households are simply falling out of the middle class. The two income household […]