What is the real American Middle Class standard?

It is around $54,000 per year of earned income based on the majority of tax returns filed. According to Mitt Romney, a person should earn or expect to earn $250,000 per year to be called the “new Middle Class…” Actually, Romney wasn’t referring to averages but rather medians. The amount of income the top 5% is earning is so different from what everyone else is earning, everyone else has to earn more to keep up. Obviously, they can’t. Complaints about unmet needs of our fellow citizens is disservice if we can’t discuss minimum wage standards first.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s