Obviously you don't.
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How Rising Inequality Has Widened the Justice Gap
- Thread starter FollowTheWay
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Oh, oh...Look at what the Washington Post is reporting. Man, it must skin their knees to have to write it.
Middle-class income rose above $61,000 for the first time last year, U.S. Census Bureau says
Middle-class income rose to the highest recorded levels in 2017 and the national poverty rate declined as the benefits of the strong economy lifted the fortunes of more Americans, the U.S. Census reported Wednesday.
The median U.S. household earned $61,372 last year, meaning half of the families in the country brought in more income than this and half earned less.
Crossing the $61,000 mark signals the American middle-class may have finally earned more than it did in 1999, although the Census Bureau cautions that median income last year was not statistically different from 1999 or 2007. A change in methodology in 2013 makes precise comparisons difficult. All the income figures have been adjusted for inflation and are reported in 2017 dollars.
Middle-class household income has been rising steadily in recent years as the economy has rebounded from the deep recession and millions of Americans have found jobs again. The extra pay from having another person in the home working again or working additional hours is the largest factor contributing to rising income.
"We’re continuing to see a shift from part-time to full-time work, so some of that could explain an increase in income,” said Trudi Renwick, an assistant division chief at Census Bureau.
Middle-class income rose above $61,000 for the first time last year, U.S. Census Bureau says
Middle-class income rose above $61,000 for the first time last year, U.S. Census Bureau says
Middle-class income rose to the highest recorded levels in 2017 and the national poverty rate declined as the benefits of the strong economy lifted the fortunes of more Americans, the U.S. Census reported Wednesday.
The median U.S. household earned $61,372 last year, meaning half of the families in the country brought in more income than this and half earned less.
Crossing the $61,000 mark signals the American middle-class may have finally earned more than it did in 1999, although the Census Bureau cautions that median income last year was not statistically different from 1999 or 2007. A change in methodology in 2013 makes precise comparisons difficult. All the income figures have been adjusted for inflation and are reported in 2017 dollars.
Middle-class household income has been rising steadily in recent years as the economy has rebounded from the deep recession and millions of Americans have found jobs again. The extra pay from having another person in the home working again or working additional hours is the largest factor contributing to rising income.
"We’re continuing to see a shift from part-time to full-time work, so some of that could explain an increase in income,” said Trudi Renwick, an assistant division chief at Census Bureau.
Middle-class income rose above $61,000 for the first time last year, U.S. Census Bureau says
Crossing the $61,000 mark signals the American middle-class may have finally earned more than it did in 1999, although the Census Bureau cautions that median income last year was not statistically different from 1999 or 2007.
So, the Middle Class has made NO GAINS since 1999 and you think that's great?
So, the Middle Class is starting to MAKE GAINS since 2007 (under Trump) and you think that sucks?
Keep in mind that even Communism has its 1%ers. The difference is that there is no middle class, the entire 99% is dirt poor.
Depends on who is counting and how the numbers stack up
That line looks pretty flat to be but I'd say the Middle Class started to make some slight gains under Obama.
Our Middle Class is rapidly vanishing more so than in any other industrialized Democratic nation.
FollowTheWay's definition of middle class vanishing, as reported by the Washington Post yesterday:
Middle-class income rose above $61,000 for the first time last year, U.S. Census Bureau says
Middle-class income rose to the highest recorded levels in 2017 and the national poverty rate declined as the benefits of the strong economy lifted the fortunes of more Americans, the U.S. Census reported Wednesday.
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How do you interpret no income gains (real terms) since 1999? The top 0.1% has tripled their wealth since then.
Very simple. Your chart shows differences in net wealth. The subject is income inequality. They are not the same thing.
You are conflating two different things. Not surprising as you move the goalposts all the time.
As to the 1999 thing, the article explained that 1999 and 2007 were essentially the same statistics when accounting methods are normalized. Therefore, we are finally seeing middle incomes rise following the Great Recession. It's taken this long because Obama's recovery was the slowest moving one in US history.
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Middle-class household income has been rising steadily for the past several years as the economy has rebounded from the deep recession and millions of Americans have found jobs again. The extra pay from having another person in the home employed again or working additional hours is the largest factor contributing to rising income, the Census Bureau said.
Yes, "past several years".
Several years = 3 years. So, 2016, 2017, and 2018.
And your point is...?
Most of the gains came under Obama. Trump has benefited from the continuing rebound from the Great Recession under Obama. BTW, the number you quoted doesn't include 2018.
The study, released Thursday from the Economic Policy Institute, found that the top 1% of U.S. citizens, in terms of income, took home 85% of income growth between 2009 and 2013. In 15 states, the top 1% captured all income growth during the same four-year period.
Naturally, that disproportionate income growth has helped bolster their salaries. By 2013, the top 1% of families nationwide made more than 25 times as much as the other 99% of households. In New York, Connecticut and Wyoming, the highest-earning households had average incomes that were 40 times those of everyone else.
Gee, I don't know, is that why they are called the ONE-PERCENTERS?
Please tell us what the problem is with having the 1% earning 25X what lower income people earn?
Also, what is the threshold for it becoming a problem? Was it a problem when they made 5X what lower income people make?
If someone makes $60,000 a year, is it a problem if someone makes $300,000 a year? Why or why not?
How about 10X? What about 15X?
How about 25X as much?
If a person makes 25X the median income, or $1.525 million, is that a problem?
Are the 5,000 actors, pro athletes, lottery winners, and heirs that make at least $1.5 million a threat to low income people? How?
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so what?
You just don't understand and I'm tired of explaining it.