How much does the typical American family make? This question is probably one of the most central in figuring out how we can go about fixing our current economic malaise. After all, we don’t hear many people saying in today’s world that they have too much money.The median household income in the United States is $46,326. Here in California people have a hard time understanding that yes, 50 percent of our population live on $46,000 or less a year. Even today, all the elixirs and remedies being thrown around fail to focus on income and the big brother of income, solid employment. Dual earner households have a higher median income at $67,348.
To highlight the massive discrepancy I’ve put together a chart showing the household income distribution: Read more.......
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Now the real issue should be the lack of a sound money policy. We have watched the value of the dollar decline by close to 90% over the last fifty years. Now does anyone one out their think that does not have something to do with the increasing income inequality that we have seen occuring over the last thirty years. The worse part about all of this is inflation is now creating a permanent underclass thats a working underclass that must depend more and more on friends family private charities and the government for more and more of their basic needs. And most of this is due to inflation. Unskilled and sometimes skilled workers must secure raises on a regular basis in order to just maintain their buying power. The problem is wages almost always lag price increases so the gap will only widen in the coming years.
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