What is the average US income and other income figures. Fiscal cliff talks only useful in context of incomes. With talk of the fiscal cliff taking up most of the headlines it is probably useful to look at forex jumbo box size figures for Americans.
The media rarely discusses income because it is a touchy subject. It probably would not be savvy in a marketing sense to tell viewers that their incomes have been stuck in the financial mud for well over a decade. This is some extremely useful data given that it is exploring over 114 million US households. If you want to know how most Americans are living this is a good figure to base your assumptions. 50,000 does not go a long way in our economy today given the cost of food, energy, housing, education, and healthcare. The average US income is a less useful measure because it is skewed by high income households and mega income earners. 200,000 a year given the kind of products that are pushed.
Of course most of the goods bought in the last decade were financed with massive debt and not actual saved wealth. US income growth has been absent for most households. The typical family barely saw any real income growth and that is why many feel a true pinch to their wallet. Yet household incomes for earners in the top 10 percent saw real sizeable growth over the last four decades. I’m not sure if Americans are fully aware of these income figures.
This information is at a granular level but extremely helpful. Since everyone pays into the Social Security system, this is a good sense of how many people are earning income in the US. According to this information 151 million Americans earned some sort of wages or compensation in 2011. It is important to understand the income breakdown in the US before fully appreciating the fiscal cliff talks. After all, the biggest driving force for most Americans is their paycheck so it pays to understand this data fully. If you enjoyed this post click here to subscribe to a complete feed and stay up to date with today’s challenging market!
What is truly important is what you can buy with it. How long will the American people replace reality regards their incomes with mumbo jumbo statistics rather than understanding the buying power of their money whatever its’ sources? In his book, The Trimph Of Gold, published in 1987, Dr. 140 cents in buying power but, after President Nixon closed the US Gold Window on August 15, 1971 fell in purchasing power down to around 2 cent today. OUR US economy out of recessions. Section 10 calls for all US citizens to use only specie gold and silver coins as money. To make this possible for all US citizens across the board, the repository gold in Fort Knox, Kentucky and elsewhere would need to be minted free of charges including no commissions into gold coins distributed to all citizens of the US or OUR present inflationary condition will continue to worsen until?