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R. Daneel Olivaw

(12,606 posts)

13. The majority of America lives on about 50K per year...or less.

Reply to Walk away (Reply #12)

Wed Dec 19, 2012, 08:18 PM

Dec 2012

http://www.sfgate.com/business/bottomline/article/Median-household-income-falls-again-3875894.php

According to the U.S. Census Bureau, real median household income fell for the second year in a row in 2011 - two years after the official end of the Great Recession - to $50,054. (that's about 20% of that magic $250k) That's an 8.1 percent drop from 2007, just before the recession's onslaught. Hardest hit: white and African American households.

Spare me how hard it is to live on $250k. I'm really losing interest.

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Congressman from New York says President has shown "remarkable compromise"... [View all] kentuck Dec 2012 OP

That's true. $250,000 a year makes you middle class in my county. Walk away Dec 2012 #1

What is the big difference in your county?? kentuck Dec 2012 #2

rents are pretty damn high in many parts of the country dsc Dec 2012 #6

Everything is more expensive here. I live in tiny a two bedroom cottage. Walk away Dec 2012 #11

A majority of Americans do not make anywhere near $250K. R. Daneel Olivaw Dec 2012 #3

That $250,000 is for a married couple so I guess your wife will sitll have to work. Walk away Dec 2012 #12

The majority of America lives on about 50K per year...or less. R. Daneel Olivaw Dec 2012 #13

No one said that it was hard to live on $250,000. Walk away Dec 2012 #14

In many, many, MANY other counties, 250k a year makes you nice-house-having rich. HughBeaumont Dec 2012 #10

I'm ok with that assuming the biggest takers pay even more to make up for it ... Scuba Dec 2012 #4

Yes, it's a great "compromise" when seniors have to make up the difference. forestpath Dec 2012 #5

If that was the biggest compromise I wouldn't care Johonny Dec 2012 #7

He will get a huge golden parachute when he is done arjazz Dec 2012 #8

That's over 20k a month. warrior1 Dec 2012 #9