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50 percent of workers made less than $26,364 last year

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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

  • #2
    Originally posted by jeffrey View Post
    the median wage was just $26,364.
    This is not true. I have no idea where this came from. Median income in the US is right around the $50,000 mark. Here's a report from Moneywatch from just a few days ago that pegged it right at the 50K level and various other sources report the same thing.
    Steve

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    • #3
      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.
      Last edited by Joan.of.the.Arch; 10-21-2011, 09:11 AM.
      "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

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      • #4
        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.
        Last edited by Joan.of.the.Arch; 10-21-2011, 09:19 AM.
        "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

        "It is easier to build strong children than to repair broken men." --Frederick Douglass

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