How much does the Average American Make? How much does the typical American family make? This question is probably one of the most central in figuring out how we can go about fixing our current economic malaise. After all, we don’t hear many people bitcoin mining pools pie chart in today’s world that they have too much money.
Even today, all the elixirs and remedies being thrown around fail to focus on income and the big brother of income, solid employment. As you can see from the above chart, only 17. 65,000 is astounding given how expensive other cost of living items have gotten over the past decade. That is why the middle class is feeling squeezed from all different sides.
100,000 I received a bit of feedback on both sides. Even though I realized very few people had household incomes in the 6 figure range looking very closely at the data, I can understand why people took issue with a budget that was at that level. What is even more fascinating, is how even amongst the super wealthy income is not distributed evenly. Even at that, the top 0. 5,500,000 and accounted for 11,000 households. For us mere mortals, it is important again to focus on that chart. 46,000 does not go a long way.
In a recent Census report there are 110,000,000 households in the United States. Let us assume this is a married couple with 1 child. I ran the numbers for a state with no state income tax, Texas. We didn’t even account for any pre-tax retirement account investing. 50 trillion in global wealth, maybe that wasn’t such a bad idea.
Since this article was written, not much has changed on the household income front. 25,000 per year in household income. If you enjoyed this post click here to subscribe to a complete feed and stay up to date with today’s challenging market! 80,000 home and traded up as they built equity and the home appreciated. If you are going to be realistic, be realistic. It behaved consistently with all of the applicable influences, i. We cannot finance our way to a wealthy lifestyle.
What we need is a focus on jobs and our economy, not bailing out banks. The Federal Gov’t needs to focus on its constitutional responsibilities. Cutting down the excesses of gov’t and dramatically reducing taxes is a good start. End income taxes and establish a sales tax system. Taxes on corporations always come back to the consumer as a hidden tax. Attract major employers back to the US by greatly simplifying compliance costs.
Encourage a health system that is not dependent upon employment. But it must be a truly free market solution. Those that believe we can ever live in a totally free market are living in fantasy land. Society must be protected from its own greed and the damage to others that greed will do. Socialism, but Capitalism must ALWAYS be watched for those who would exploit it for their own gains!