Personal income for American worker – Median personal income for those working in America is much less than you would think
I’m struck by how many Americans think that wages in the United States are off the charts. The typical American worker is pulling in about $26,507. At least this is the median personal income in the United States. This works out to be about $500 per week which doesn’t equate too much especially given the incredibly high [...]
Income distribution – To make it in the top .1 percent you have to make $750,000 individually or $3,000,000 as a married couple.
There is deep psychological fascination with wealth in the United States. This goes back to the days of the Vanderbilt family and our modern day tycoons. It also brings to light how wide the income divergence in our country has become and with economic challenges being faced by many this disparity only gets more heightened. [...]
Controlling the wealth of America – top 1 percent control 83 percent of U.S. stocks. As a share of personal income mortgage debt ate up 19 percent in 1949. In 2003 it went up to 85 percent. 80 percent of Americans 65 years and older depend on Social Security for half of their income.
Mayer Rothschild was quoted as saying “give me the power of the money and it will not matter any more who is commanding.” Today Wall Street is in full command of our government. The impact of massive lobbying has guaranteed that many of our politicians are bought off and are serving as serfs to their [...]