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The Average Median Household income

MoGal

Well-known member
I found both these articles interesting.

Over 110 million households in the US and half of them live on $46,000 a year or less???

http://www.mybudget360.com/how-much-does-the-average-american-make-breaking-down-the-us-household-income-numbers/

and this one: top 5% control 69 percent of the wealth

http://www.mybudget360.com/top-1-percent-control-42-percent-of-financial-wealth-in-the-us-how-average-americans-are-lured-into-debt-servitude-by-promises-of-mega-wealth/

If we break the data down further we will find that 93 percent of all financial wealth is controlled by the top 10 percent of the country. That is why these people are cheering their one cent share increase while layoffs keep on improving the bottom line. But what bottom line are we talking about here? The Wall Street crowd would like you to believe that all is now good that the stock market has rallied 60+ percent. Of course they are happy because they control most of this wealth. Yet the typical American still has negative views on the economy because they actually have to work to earn a living:

-----------------------
IF you have the time, read the very last comment at the bottom of the 2nd article.... "poor people consume beyond their means" .......... won't be long until they probably suggest we just dispose of the "poor" people so they won't consume anything.
 

Steve

Well-known member
If we break the data down further we will find that 93 percent of all financial wealth is controlled by the top 10 percent of the country.

to be honest,.. I am not overly concerned about 10 percent "controlling" wealth...

wealth will come and go ... but for some reason the poor in this country are worse off then ever...

I would bet most would be happy to see $46,000 a year...

but instead more then half are working for alot less..

and even more are not working at all...

so far Obama has provide for the top 10 to 20%... at the cost of the bottom 40%
 

hypocritexposer

Well-known member
Lalaine Vergara-Paras[1] (born June 3, 1987),[2][3] also known as Lalaine, is an American actress, singer-songwriter and spokesperson.[4] She is perhaps best known for her role as Miranda Sanchez in the Disney Channel series Lizzie McGuire
http://en.wikipedia.org/wiki/Lalaine

Images of LalaineU

http://www.bing.com/images/search?q=LalaineU&qpvt=LalaineU&FORM=IGRE


:lol:
 

mrj

Well-known member
How does this fit with articles recently stating that business has to offer approximately $60,000.00 annual salary to 'compete' with the welfare system? That is, the various forms of welfare a family of four is 'entitled' to if they are not 'able' to get jobs equals around $60,000.00.

Isn't the current number of non-working citizens at about 47 to 52%? Who has good ideas on how to achieve an equitable society without being dictatorial?

mrj
 

Steve

Well-known member
Who has good ideas on how to achieve an equitable society without being dictatorial?

one way is to slowly eliminate the incentive to not work by not increasing any of the welfare benefit amounts to match inflation..

in reality a great economy would reduce welfare as most people do want to work and succeed.. so fixing the economy would be a great start..
 

Tom in TN

Well-known member
Articles like the one cited by the OP really disgust me. These things seem to me to be implying some destructive things:

1. The wealthy people don't deserve their wealth. If they have more than the "average" person, they must have gotten it through some nefarious means. We "working" folks should really resent their wealth.

and/or

2. Wealth is a "zero-sum-game". Since wealth is a finite amount, obviously, if some people have a lot of wealth, everyone else can only have a small amount of wealth.

and/or

3. "Fairness" demands that everyone be wealthy to a certain degree. If that is not the case, we should take some of the wealth that wealthy people have and re-distribute to the "poor" people.

and/or

4. "Average" people can't possibly rise to the level of being wealthy, so we should just carp about our lot in life instead of doing the things that wealthy people have done to acquire their wealth.

Envy and jealousy are great destroyers. Class warfare (envy) is the enemy of a free people.

At least, that's how this old "average" guy sees it.

Tom in TN
 

Whitewing

Well-known member
Tom in TN said:
Articles like the one cited by the OP really disgust me. These things seem to me to be implying some destructive things:

1. The wealthy people don't deserve their wealth. If they have more than the "average" person, they must have gotten it through some nefarious means. We "working" folks should really resent their wealth.

and/or

2. Wealth is a "zero-sum-game". Since wealth is a finite amount, obviously, if some people have a lot of wealth, everyone else can only have a small amount of wealth.

and/or

3. "Fairness" demands that everyone be wealthy to a certain degree. If that is not the case, we should take some of the wealth that wealthy people have and re-distribute to the "poor" people.

and/or

4. "Average" people can't possibly rise to the level of being wealthy, so we should just carp about our lot in life instead of doing the things that wealthy people have done to acquire their wealth.

Envy and jealousy are great destroyers. Class warfare (envy) is the enemy of a free people.

At least, that's how this old "average" guy sees it.

Tom in TN

^this^

I forget which magazine had the article last year, perhaps Salon, but former Clinton Sec of Labor, Robert Reich, was quoted saying the wealthiest "get" XX% of the wealth of the country. Dirtbag just couldn't bring himself to use the word "earn".
 

Faster horses

Well-known member
hypocritexposer said:
Lalaine Vergara-Paras[1] (born June 3, 1987),[2][3] also known as Lalaine, is an American actress, singer-songwriter and spokesperson.[4] She is perhaps best known for her role as Miranda Sanchez in the Disney Channel series Lizzie McGuire
http://en.wikipedia.org/wiki/Lalaine

Images of LalaineU

http://www.bing.com/images/search?q=LalaineU&qpvt=LalaineU&FORM=IGRE


:lol:

And she has graced our forum with her presence because ___________. ???
 

Steve

Well-known member
but former Clinton Sec of Labor, Robert Reich, was quoted saying the wealthiest "get" XX% of the wealth of the country. Dirtbag just couldn't bring himself to use the word "earn".

maybe because someone gave it to him.... :shock:

Robert Reich is an American political economist, professor, author and political commentator who has a net worth of $4 million.

and lets take a look at the Clintons..
Chelsea Clinton and has a net worth of $15 million. Chelsea Clinton earned her net worth through her career at the consulting firm of McKinsey & Company

Bill Clinton net worth: Bill Clinton is a politician who has a net worth of $80 million

Hillary Clinton is a Democratic Politician, with a net worth of $21.5 million.

I guess when you work for folk who "get" their money "given" to them,.. you can't understand the concept of "earning it"... :?
 

Steve

Well-known member
Envy and jealousy are great destroyers. Class warfare (envy) is the enemy of a free people.

At least, that's how this old "average" guy sees it.

Tom in TN

well said.. I can respect a person who is wealthy and done well,... it isn't as easy as some make it out to be...often it takes drive, sacrifice and guts ...

few these days have drive,.. and will not sacrifice... but expect to somehow get wealthy....
 

Traveler

Well-known member
Steve said:
Envy and jealousy are great destroyers. Class warfare (envy) is the enemy of a free people.

At least, that's how this old "average" guy sees it.

Tom in TN

well said.. I can respect a person who is wealthy and done well,... it isn't as easy as some make it out to be...often it takes drive, sacrifice and guts ...

few these days have drive,.. and will not sacrifice... but expect to somehow get wealthy....
Envy, jealousy, class warfare, expectation without work and sacrifice. Sounds like a pretty accurate Democrat description and exactly what their politicians play on to get elected.
 

loomixguy

Well-known member
Remember how spun up and jealous Old Gasbag would get over anybody who he thought had 2 nickles more than him? And if it was inherited, the "really quite conservative" liberal loon would practically vapor lock.
 

Mike

Well-known member
loomixguy said:
Remember how spun up and jealous Old Gasbag would get over anybody who he thought had 2 nickles more than him? And if it was inherited, the "really quite conservative" liberal loon would practically vapor lock.

Yep. If he said it once, he said it a thousand times. He even got pissed at a Reublican if he happened to marry into money. All except John Kerry, that is.

"Vapor Lock", now that's funny................................. :lol: :lol:
 
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