Majority of Employed Americans Earn less than $30,000 a Year
The average middle-class family is about to become the average poor family.
Half of all wage earners made less than $28,851.21 in 2014, according to statistics from the Social Security Administration. That’s just a bit more than the federal poverty level for a family of five, which is $28,410.
The average wage is a bit higher, $44,569.20. The data shows that about 67% of wage earners in the United States made less than that figure. Seventy-one percent of earners made $50,000 or less last year.
And the 1 percenters we hear about? That’s everyone making more than about $250,000.
To Learn More:
Goodbye Middle Class: 51 Percent of All American Workers Make Less Than 30,000 Dollars A Year (by Michael Snyder, End of the American Dream)
1 In 2 Working Americans Make Less Than $30,000 a Year (by Rachel Stoltzfoos, Daily Caller) Wage
Statistics for 2014 (Social Security Administration)
Median Income of Average U.S. Households Smaller than 15 Years Ago (by Steve Straehley, AllGov)
Majority of Americans don’t have Bank Balances that Exceed One Month’s Income (by Steve Straehley, AllGov)
25 Million Americans Earn Less than Obama’s Proposed Increased Minimum Wage (by Noel Brinkerhoff, AllGov)
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