Gross Domestic Product – GDP – (2013) — $16.77 trillion
Population (2013) — 316.5 million
GDP per capita (2013) $53,041.98
Median Wage (2012) — $26,695
Median Household Income — $50,500
66% of American earn less than $41,212
WTF! Two thirds of Americans earn about 77% of what they produce, but it is even worse than that. If you don’t know what “median” means, it is this:
denoting or relating to a value or quantity lying at the midpoint of a frequency distribution of observed values or quantities, such that there is an equal probability of falling above or below it.
Basically, there is an equal number of people earning less than $26,695 as there is how make more. So …. half of all Americans earn just over 50% of what they produce.
In 2014, the poverty level was set at $23,850 household income for a family of four. WTF!
How does this make sense to anyone? How does this not outrage more people? This is so …..
In America, we are expected to support ourselves. How is this possible with the state of our economy? It is so difficult for people to be self sustaining in our economy, and those who are more than capable of sustaining themselves plus others are unwilling to help.
Our poverty might be more favorable to another country’s poverty, but our poverty is still horrible. It is not right for someone to not know where their next meal will come from or not have a secure and safe place to rest. Just because it could be worse does not mean that it is tolerable.
Please Google the below terms to see the numbers yourself:
United States of America GDP
Average American Income
United States of America GDP per capita