The truth is that most American families are deeply struggling, but you hardly ever hear this from the mainstream media.
Yes, about 10 percent of all American workers are making $100,000 or more a year, but most of those high paying jobs are concentrated in the major cities along the east and west coasts. For much of the rest of the country, these are very challenging times as the cost of living soars but their paychecks do not.
According to the Social Security Administration, the median income in the United States last year was just $32,838.05. In other words, 50 percent of American workers made more than $32,838.05 and 50 percent of American workers made less than $32,838.05 in 2018. Let’s be generous and round that number up to $33,000, and when you break it down on a monthly basis it comes to just $2,750 a month. Of course nobody can support a middle class lifestyle for a family of four on $2,750 a month before taxes, and so in most families more than one person is working these days. In fact, in many families today more than one person is working multiple jobs in a desperate attempt to make ends meet, and it still is often not quite enough.
If you want to look at the Social Security wage statistics for yourself, you can find them right here. As you will see, I am not making these numbers up.
These days many would have us feel bad if we are not making at least $100,000 a year, but according to the report only about 10 percent of all American workers make that much money. – READ MORE