Half The Country Makes Less Than $27,520 A Year

[KenyaDoll]

You lump in all the people working part time for bum wages and that brings the average down.

Look at it on a smaller scale, statewide or citywide. Average person in Chicago makes 48k a year, statistically.

You put two people in a house making 48k a year with two children and they can live decent if they don't blow money on stupid stuff. (but we know that won't happen.)

To that same point, high wage earners skew the results in the other direction. That is why the median wage (which is being reported) is a much better indicator.

 

[CashmereThoughts]

Can u eat off 27 in NYC?

only if you have no kids, no whip, no student loans and u live in the Jects.

 

[GoogleMe]

Welcome to the new America. The recession created a low wage work swamp.

 

[GoogleMe]

I think a better metric would be to see how household debt has decreased.

 

[mcdivit85]

Why don't you share how to make money with the rest of the class?

This aint a class. I'm putting my money up to get the tools I need to get out the corporate game because:

- beyond the fact that the "American Dream" funded by a corporate job is becoming more and more hard to come by, I've just always wanted to be an owner
- I can't see myself having to report to a job at a certain time and dress a certain way and do stuff I don't really care to do because I'm told to for the next 30 years
- I don't understand working hard to make someone else's dreams come true while abstaining mine until retirement when I'm old and life is 2/3 over
- because relying on someone or something else for a living is more insecure than relying on what oneself has built

But from what I've experienced so far, its a simple issue of buy low and sell high(er). Textbooks make business into diagrams and spreadsheets when money is pretty simple.

Peace

 

[BillBanneker]

only if you have no kids, no whip, no student loans and u live in the Jects.

The lifestyle

 

[concise]

This aint a class. I'm putting my money up to get the tools I need to get out the corporate game because:

- beyond the fact that the "American Dream" funded by a corporate job is becoming more and more hard to come by, I've just always wanted to be an owner
- I can't see myself having to report to a job at a certain time and dress a certain way and do stuff I don't really care to do because I'm told to for the next 30 years
- I don't understand working hard to make someone else's dreams come true while abstaining mine until retirement when I'm old and life is 2/3 over
- because relying on someone or something else for a living is more insecure than relying on what oneself has built

But from what I've experienced so far, its a simple issue of buy low and sell high(er). Textbooks make business into diagrams and spreadsheets when money is pretty simple.

Peace

????

 

[Michael's Black Son]

Can u eat off 27 in NYC?

hell no. you would literally have to get that all tax free, live with your folks, have no kids/student debt, and no real expenses outside of cell phone/transportation

and if you can manage to pull that off, at some point your moms will hit you up for some $

 

[King Poetic]

Yeah, the average person in California makes 51k

In reality the average is around $ 43,000 u only counting people in certain sectors

 

[intruder]

Let paper validate you brehs.

 

[Hacksaw Jim Thuggin]

You lump in all the people working part time for bum wages and that brings the average down.

Look at it on a smaller scale, statewide or citywide. Average person in Chicago makes 48k a year, statistically.

You put two people in a house making 48k a year with two children and they can live decent if they don't blow money on stupid stuff. (but we know that won't happen.)

so according to this clown....lets take out everybody that makes a low wage....to raise the national average

 

[TRFG]

I'm still calling ducktales on that $27,000 a year figure.

Remember most of the US is rural area. You think rural jobs pay a lot?

 

[FreddyCalhoun]

If you make more than $27,520 a year at your job, you are doing better than half the country is. But you don't have to take my word for it, you can check out the latest wage statistics from the Social Security administration right here. But of course $27,520 a year will not allow you to live "the American Dream" in this day and age. After taxes, that breaks down to a good bit less than $2,000 a month. You can't realistically pay a mortgage, make a car payment, afford health insurance and provide food, clothing and everything else your family needs for that much money. That is one of the reasons why both parents are working in most families today. In fact, sometimes both parents are working multiple jobs in a desperate attempt to make ends meet. Over the years, the cost of living has risen steadily but our paychecks have not. This has resulted in a steady erosion of the middle class. Once upon a time, most American families could afford a nice home, a couple of cars and a nice vacation every year. When I was growing up, it seemed like almost everyone was middle class. But now "the American Dream" is out of reach for more Americans than ever, and the middle class is dying right in front of our eyes.
One of the things that was great about America in the post-World War II era was that we developed a large, thriving middle class. Until recent times, it always seemed like there were plenty of good jobs for people that were willing to be responsible and work hard. That was one of the big reasons why people wanted to come here from all over the world. They wanted to have a chance to live "the American Dream" too.

But now the American Dream is becoming a mirage for most people. No matter how hard they try, they just can't seem to achieve it.




The "raw" average wage, computed as net compensation divided by the number of wage earners, is $6,529,097,960,690.75 divided by 153,632,290, or $42,498.21. Based on data in the table below, about 67.1 percent of wage earners had net compensation less than or equal to the $42,498.21 raw average wage. By definition, 50 percent of wage earners had net compensation less than or equal to the median wage, which is estimated to be $27,519.10 for 2012.


http://www.ssa.gov/cgi-bin/netcomp.cgi?year=2012

But But But...what about all these I.T. Certs....

 

[beenz]

Thank god the other half posts on the coli

other half???? you mean the top 3% right?????

 

[beenz]

They keep us distracted with race baiting, the kardashians, self loathing memes, meritocracy memes (you can make it if you just work hard enough!) social media, no credit check rent a centers, shytty cheap fast food, etc --- all to keep us from acknowledging that our collective wealth has been extracted by oligarchs, which thus prevents a violent revolution to take back whats ours. This economy of ours is the stuff of insanity.

man, they won't even let me rep u.