When you look at how much households earn and start grouping people up into 'poor' 'middle' and 'wealthy', an important message is missed.
For households that made up to $15,000, the average household had 0.5 earners. Only 1 out of 2 households had someone working.
Well, why are the households that make twice as much so much better off?
For households that made up to $30,000(double), the average household had 1.0 earners. Double the earners ends up being double the income.
$42,500 to $44,999
For households that made up to $45,000(triple), the average household had 1.38 earners. 270% the number of earners for 300% of the pay.
45k will put you in the middle quintile of Americans, and that level of income compared to the bottom quintile is 90% correlated to how many people are working.
The best thing we can do to help income inequality and income mobility, right now, is to fix the unemployment rate.
Haha, I missed an edit, the $42,500 to $44,999 shouldn't be there.
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