Ok... well, the bottom is literally ZERO. There is no negative calculations for income and over 12% of Americans live in poverty... at, or below $11,500/year.
How POOR are ***most**** Americans when compared to the rich Americans... that the straight average (all income divided equally over all 320 million Americans) is around $60k when the bottom is literally zero and there is individual income at the top of really Sky's The Limit income of hundreds of millions of dollars... or tens of billions, even!
This is a tech CEO salary calculator. https://simpletexting.com/tech-ceo-salary/ Apparently it takes Jeff Bezos about 40 seconds to earn enough money to pay off my house! Nice job, Jeff!
I pulled my numbers for what is Lower/Middle/Upper income class levels from the Pew Research Center: Middle-income households - those with an income that is two-thirds to double the U.S. median household income - had incomes ranging from about $48,500 to $145,500 in 2018. Lower-income households had incomes less than $48,500 and upper-income households had incomes greater than $145,500. https://www.pewresearch.org/fact-tank/2020/07/23/are-you-in-the-american-middle-class/
What's interesting is these are numbers for a 3 person household... so that $120k figure for a single is upper middle class... but the expectation is that $120k figure is actually supporting 3 people, which pushes them down into the upper reaches of the solid middle-middle class.
If the inherited wealth is not being turned INTO income (through investments), and simply being lived on, or saved/passed on... it doesn't even calculate into these figures.. which are straight income.
Why is true middle income.... tending toward lower-middle class income strata?
https://www.ssa.gov/oact/cola/central.html
Ok... well, the bottom is literally ZERO. There is no negative calculations for income and over 12% of Americans live in poverty... at, or below $11,500/year.
How POOR are ***most**** Americans when compared to the rich Americans... that the straight average (all income divided equally over all 320 million Americans) is around $60k when the bottom is literally zero and there is individual income at the top of really Sky's The Limit income of hundreds of millions of dollars... or tens of billions, even!
This is a tech CEO salary calculator.
https://simpletexting.com/tech-ceo-salary/
Apparently it takes Jeff Bezos about 40 seconds to earn enough money to pay off my house! Nice job, Jeff!
I pulled my numbers for what is Lower/Middle/Upper income class levels from the Pew Research Center:
Middle-income households - those with an income that is two-thirds to double the U.S. median household income - had incomes ranging from about $48,500 to $145,500 in 2018. Lower-income households had incomes less than $48,500 and upper-income households had incomes greater than $145,500.
https://www.pewresearch.org/fact-tank/2020/07/23/are-you-in-the-american-middle-class/
What's interesting is these are numbers for a 3 person household... so that $120k figure for a single is upper middle class... but the expectation is that $120k figure is actually supporting 3 people, which pushes them down into the upper reaches of the solid middle-middle class.
If the inherited wealth is not being turned INTO income (through investments), and simply being lived on, or saved/passed on... it doesn't even calculate into these figures.. which are straight income.
Why is true middle income.... tending toward lower-middle class income strata?
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