wildcard
27th April 2010, 01:48 AM
http://www.mybudget360.com/how-much-average-household-income-us-recession-income-distribution/
How much do average Americans make after the Great Recession? Examining the income of U.S. households. 65 percent of U.S. households live on $65,000 or less.
In order to understand the middle class, we first have to draw a line in the economic sand. Many in our society would like to believe that we live in a classless system but this isn’t true especially when we look at the financial data. This classless belief has been shattered with the current structure of the banking bailouts that have favored the top 1 percent in our country. I wanted to update some of the data that I had posted back in December of 2008. There is something fascinating about looking at aggregate income data because it tells us a lot about our financial condition. Yet whenever we hear debates about the middle class, rarely does anyone talk about the specific income cutoff.
Let us first examine the top 35 percent of households:
...
Story continues with lots of groovy graphs at link:
http://www.mybudget360.com/how-much-average-household-income-us-recession-income-distribution/
How much do average Americans make after the Great Recession? Examining the income of U.S. households. 65 percent of U.S. households live on $65,000 or less.
In order to understand the middle class, we first have to draw a line in the economic sand. Many in our society would like to believe that we live in a classless system but this isn’t true especially when we look at the financial data. This classless belief has been shattered with the current structure of the banking bailouts that have favored the top 1 percent in our country. I wanted to update some of the data that I had posted back in December of 2008. There is something fascinating about looking at aggregate income data because it tells us a lot about our financial condition. Yet whenever we hear debates about the middle class, rarely does anyone talk about the specific income cutoff.
Let us first examine the top 35 percent of households:
...
Story continues with lots of groovy graphs at link:
http://www.mybudget360.com/how-much-average-household-income-us-recession-income-distribution/