Wednesday, February 10, 2021

The Average American

The real median personal income in the US in 2019 is $35,977.

About 34.1% of Americans earn an annual salary of over $100,000. Around 15.5% of the population earns between $100,000 and $149,999; about 8.3% of the population earns between $150,000 and $199,999; and about 10.3% of the population earn over $200,000.       (Source: Statista)

According to PEW Research, middle-class Americans are those who have an annual income that is two-thirds to double the national salary average, adjusted for household size and cost of living. For example, for a family of three, the middle-class income can be anywhere between $40,100 and $120,400.
In another research, the range for a middle-class household of three is between $53,413 and $106,827.     (Source: PEW Research Center, US News)

Questions:
  1. Are you Middle Class?
  2. Are you wealthy?
  3. What has our Federal Government done for you?
  4. What should our Federal Government do for you?
  5. Do you rely on the Government or on yourself?
  6. Where do you live?
  7. What is your level of education?
  8. Are you a Veteran?
  9. Are you married?
  10. Do you have children living with you?
  11. Can you relocate?
  12. What is your age?
  13. How much debt do you have?
  14. Do you have reliable transportation?
Oftentimes, we are VICTIMS of our own sets of circumstances and while we may want a better life, our current situation prevents us from getting one.
For example:
  • high school education only
  • do not have reliable transportation
  • Married with 3 children
  • $25,000 in debt
  • cannot relocate
  • not a Veteran
AND SO...
you expect OUR GOVERNMENT to help you out...  Give you free education.  Give you free health care.  Give you money to pay off your debt.  Help you with relocation expenses.  Help you with reliable transportation...

BUT...
your basic attitude has not changed....
  • will you actually retain anything from free college education?
  • do you have the academic foundation for free college education?
  • will you get back into debt?
  • do you have a strong work ethic?

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