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Over Half Of All Working Americans Make Less Than This Amount, Which Is Insane

Over Half Of All Working Americans Make Less Than This Amount, Which Is Insane: Photo by Dorothea Lange / Public Domain

Photo by Dorothea Lange / Public Domain

Fifty-one percent of working Americans make less than $30,000 per year, according to the Social Security Administration’s 2014 National Wage Index. To make matters worse, that figure does not include the estimated eight-million Americans who are unemployed, or the millions more who have given up on finding a job altogether.

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.

Those aren’t encouraging numbers. However, this probably also includes a lot of part-time workers, although the data makes no distinction. It’s also worth noting that this figure is based off income that was reported to the IRS. So it’s entirely possible that a good portion of those making less than $30,000 are making some unreported income on the side. At least I hope that’s the case, because if a man like myself (who drives a 2004 Ford Escape) is feeling well-to-do by comparison, this country is totally screwed.

(Source: Daily Caller)

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