Jun 30 2016

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 […]

Aug 12 2014

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 […]

Dec 31 2012

How much do Americans earn? What is the average US income and other income figures. Fiscal cliff talks only useful in context of incomes.

With talk of the fiscal cliff taking up most of the headlines it is probably useful to look at income figures for Americans.  The media rarely discusses income because it is a touchy subject.  It probably would not be savvy in a marketing sense to tell viewers that their incomes have been stuck in the […]

Dec 26 2011

Kabuki financial theatre – Congress net worth up 15 percent from 2004 to 2010 while the average American sees their net worth decline by 8 percent in the same timeframe. Welcome to plutocrat USA.

We truly have the best government money can buy.  From 2004 to 2010 members of Congress increased their median net worth by 15 percent while the average American saw it fall by 8 percent.  Yet this fall in net worth does little justice to the rising cost of food, energy, healthcare, and college expenses that […]

Dec 12 2011

What is the median household income in the US? A crisis spanning multiple generations and the taboo of household income.

Household income is a taboo topic even though people have a visceral enjoyment of spending their hard earned money.  As we go out and spend during this holiday season many people have absolutely no clue what other family members or neighbors make.  Some would argue that household income is absolutely private and I would agree […]

My Budget 360

Enter your email address to receive updates from My Budget 360:

100% Private & Spam Free.

 


Subscribe in a reader

 

Popular – All Time


  • 1. How much does the Average American Make? Breaking Down the U.S. Household Income Numbers.
  • 2. Top 1 Percent Control 42 Percent of Financial Wealth in the U.S. – How Average Americans are Lured into Debt Servitude by Promises of Mega Wealth.
  • 3. Is college worth the money and debt? The cost of college has increased by 11x since 1980 while inflation overall has increased by 3x. Diluting education with for-profits. and saddling millions with debt.
  • 4. The Perfect $46,000 Budget: Learning to Live in California for Under $50,000.
  • 5. Family Budget: How to go Broke on $100,000 a year. Why the Middle Class has a hard time Living in Expensive Urban Areas.
  • 6. Lining up at Midnight at Wal-Mart to buy Food is part of the new Recovery. Banks offering Mattress Interest Rates. The Invisible Recovery Outside of Wall Street.
  • 7. You Cannot Afford a $350,000 Home with a $75,000 Household Income!
  • 8. Crisis of generations – younger Americans moving back home in large numbers. Student loan default rates surging largely due to for-profit college expansion.
  • 9. The next massive debt bubble to crush the economy – 10 charts examining the upcoming implosion of the student loan market. $1 trillion in student loans and defaults sharply increasing.
  • 10. Welcome to the new model of retirement. No retirement. In 1983 over 60 percent of American workers had some kind of defined-benefit plan. Today less than 20 percent have access to a plan and the majority of retired Americans largely rely on Social Security as their de facto retirement plan.
  • Categories