Sunday, October 25, 2015

1 In 2 Working Americans Make Less Than $30,000 A Year

Let's see how many high priced eggs the majority of people can now afford.  Couldn't people who get paid $500,000 a year see any of this coming?

Fifty-one percent of working Americans make less than $30,000 a year, new data from the Social Security Administration (SSA) shows.

That’s $2,500 a month before taxes and just over the federal poverty level for a family of five. The new numbers come from the National Wage Index, which SSA updates each year based on reported wages subject to the federal income tax.

In 2014, half of working Americans reported an income at or below $28,851 (the median wage), and 51 percent reported an income of less than $30,000. Forty percent are making less than $20,000. The federal government considers a family of four living on an income of less than $24,250 to be impoverished.

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