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10-21-2011, 09:45 AM
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50 percent of workers made less than $26,364 last year
The SSA said 50 percent of workers made less than $26,364 last year and most Americans have fewer job opportunities available to them. But the wealthiest Americans are relatively unscathed, with those earning $1 million or more jumping 18 percent from 2009...
The average income for Americans was $39,959 last year, but the median wage was just $26,364. The SSA wrote that this shows the distribution of workers by wage level is highly skewed, the AP reported... Report: Rich-poor gap growing - Mackenzie Weinger - POLITICO.com 
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10-21-2011, 09:55 AM
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Steve * Despite the high cost of living, it remains very popular. * Why should I pay for my daughter's education when she already knows everything? * There are no shortcuts to anywhere worth going.
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10-21-2011, 10:03 AM
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Without looking at either article, perhaps the difference is because the first article speaks of the median wage, which to me implies hourly earnings. Perhaps that excludes salaried and self-employed incomes.
Update. Social Security: Wage Statistics for 2009 50 percent of wage earners had net compensation less than or equal to the median wage, which is estimated to be $26,261.29 for 2009.
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"There is some ontological doubt as to whether it may even be possible in principle to nail down these things in the universe we're given to study." --text msg from my kid http://kiva.org/invitedby/margaret2299 My octogenarian mother invites you to join her in making international micro-loans to alleviate poverty. It's cool! Last edited by Joan.of.the.Arch : 10-21-2011 at 10:11 AM.
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10-21-2011, 10:14 AM
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Oh sorry, here is 2010 info from Social Security:
Wage Statistics for 2010 50 percent of wage earners had net compensation less than or equal to the median wage, which is estimated to be $26,363.55 for 2010. That $50,000 median would be household median, often requiring 2 or even three workers in the household to reach that level.
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"There is some ontological doubt as to whether it may even be possible in principle to nail down these things in the universe we're given to study." --text msg from my kid http://kiva.org/invitedby/margaret2299 My octogenarian mother invites you to join her in making international micro-loans to alleviate poverty. It's cool! Last edited by Joan.of.the.Arch : 10-21-2011 at 10:19 AM.
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