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News Link • Economy - Economics USA

100 million Americans make less than $39,999 per year.

One startling reality is that 72,000,000+ Americans earn $25,000 or less each year (almost half the wage earning population). This is why when we look at the median household income of $50,000 we come to the stark realization that two incomes are necessary just to stay above water. When only a few decades ago one blue collar income was enough for a middle class way of life (i.e., modest home, a path to a public college, etc) now two incomes are barely enough to pay for the daily necessities. Another 34 million Americans earn an average of $25,001 to $45,000 per year while 33 million earn between $45,001 and $99,999. Going up to an average of $99,999 covers 93 percent of all individual wage earners in the country. This is where the vast majority of Americans reside. The numbers quickly dwindle as expected when we hit the upper income ranges. What is interesting is the vast difference between those who earn $20 million and $49 million and those who make over $50 million. The data reveals that over 353 Americans earned between $20 and $49 million and the average amount was $28 million. Compare this to the 72 that made more than $50 million with an average compensation of $84 million. To put this into context, the top 72 Americans earned over $6 billion in 2009. The lowest paid 24,000,000 Americans earned an average of $2,061. Again, this is merely to put all the data on the table. It also shows how tilted things have gotten. I wanted to see what the top 1 percent earned in total compensation for 2009 and compare this to the bottom half of wage earners:

1 Comments in Response to

Comment by Joe Tittiger
Entered on:

What should be at issue is not what we make but what is stolen from us.

For starters 25% of our income or for 3 months we are serfs that are enslaved by the oligarchs that own the federal reserve and forced to pay income tax to pay this illegal debt.

Any house payment or rent is about 50% interest to the bankers because of building codes that force us to borrow  rather than build as we can.

And yes many super rich are there because we do not have a true free market there are artificial barriers that need to be removed.

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