Sunday, December 29, 2013

Forty Percent Of Workers Made Less Than $20,000 Last Year

http://www.informationclearinghouse.info/article37243.htm

Nearly 40 percent of all workers in the country made less than $20,000 last year, according to data from the Social Security Administration, which doesn’t include figures on benefits such as health insurance or pensions. That’s below the federal poverty threshold for a family of four and close to the line for a family of three. On average, these workers earned just $17,459.55.
Meanwhile, more than half of all workers made less than $30,000, not much more to live off of. 

...things are very good at the top. The number of workers making $5 million a year or more jumped by nearly 27 percent over 2011, and their total wages grew 40 percent, or 13 times the increase for all workers.

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