Number of Earners

  1. profile image0
    JaxsonRaineposted 5 years ago

    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.

  2. profile image0
    JaxsonRaineposted 5 years ago

    Haha, I missed an edit, the $42,500 to $44,999 shouldn't be there.

 
working