The typical U.S. family earns about $71,000 per year, according to the Census. Yet, the average American believes a family needs at least $85,000 in annual household income to get by, according to a recent Gallup poll. That finding tracks with a recent study from SmartAsset, a financial technology company, which found the average American worker needs $68,499 in after-tax income to live comfortably. (That works out to around $85,000 in total income, assuming a 20-percent tax hit.) The two releases point to the same conclusion: Many Americans earn too little in 2023 to attain a decent standard of living in their communities.

The typical U.S. family earns about $71,000 per year, according to the Census. Yet, the average American believes a family needs at least $85,000 in annual household income to get by, according to a recent Gallup poll.

That finding tracks with a recent study from SmartAsset, a financial technology company, which found the average American worker needs $68,499 in after-tax income to live comfortably. (That works out to around $85,000 in total income, assuming a 20-percent tax hit.)

The two releases point to the same conclusion: Many Americans earn too little in 2023 to attain a decent standard of living in their communities.

  • @pixelbounds
    12•1 year ago

    The centralisation of money into the hands of the wealth hoarders will never stop. That’s the reason we’re seeing insane inflation and the buying power of the average person is rapidly decreaskg.

    Unless we start holding them accountable for their gross exploitation of workers and make them pay taxes! No human needs over 100 million dollars, it’s hoarding. They don’t care about you, they’d rather you die than them pay 50k more in taxes