Finally a post with the facts and real numbers ,stock market isn't the economy, inflated numbers remember the 80s here we go again #justsayin
goto original post fir whole story. #Repost @freedom_faction
has been declining for decades, and we continue to get even more evidence of the catastrophic damage that has already been done. According to the #SocialSecurityAdministration
, the median yearly wage in the #UnitedStates
is just $30,533 at this point. That means 50 percent of all #American
workers make at least that much per year, but that also means that 50 percent of all American workers make that much or less per year. When you divide $30,533 by 12, you get a median monthly wage of just over $2,500. But of course nobody can provide a middle class standard of living for a family of four for just $2,500 a month, and we will discuss this further below. So in most households at least two people are working, and in many cases multiple jobs are being taken on by a single individual in a desperate attempt to make ends meet. The American people are working harder than ever, and yet the middle class just continues to erode.
The deeper we dig into the numbers provided by the Social Security Administration, the more depressing they become. Here are just a few examples from their official website… • 34 percent of all American workers made less than $20,000 last year.
• 48 percent of all American workers made less than $30,000 last year.
• 59 percent of all American workers made less than $40,000 last year.
• 68 percent of all American workers made less than $50,000 last year.
At this moment, the federal poverty level for a family of five is $29,420, and yet about half the workers in the entire country don’t even make that much on a yearly basis.
So can someone please explain to me again why people are saying that the economy is “doing well”? Many will point to how well the stock market has been doing, but the stock market has not been an accurate barometer for the overall economy in a very, very long time.
And the stock market has already fallen nearly 1,500 points since the beginning of the month. The bull