#8 Real Median Household Income
Not only is a smaller percentage of Americans employed today than
compared to just prior to the last recession, the quality of our jobs
has gone down as well. This is one of the factors which has resulted in
a stunning decline of real median household income.
I have shared these next numbers before, but they bear repeating. In
America today, most Americans do not make enough to support a middle
class lifestyle on a single salary. The following figures come directly
from the Social Security Administration…
-39 percent of American workers make less than $20,000 a year.
-52 percent of American workers make less than $30,000 a year.
-63 percent of American workers make less than $40,000 a year.
-72 percent of American workers make less than $50,000 a year.
We all know people that are working part-time jobs because that is
all that they can find in this economy. As the quality of our jobs
continues to deteriorate, the numbers above are going to become even
more dismal.
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