Free Republic

In 2018, the median income for white households was $65,777. This is substantially higher than the worldwide median household income, which in 2013 was listed as hovering around just $10,000. Ask a conservative and they’ll point to this as evidence of how great and privileged it is to be an American. As anyone else and they’ll point to white privilege and systemic advantages.   No doubt, a median income of $65,000 affords a lot of opportunities. Even after accounting for taxes that siphon approximately 25% away from the principal, an average mortgage payment of $1,100 in 2020 and average monthly...

For Lester Holt, the economy has been performing well, but there is a problem in the distribution of income. This is the liberal position. The conservative position is that the economy has been underperforming, growing at a slow rate, with many in the middle class losing purchasing power, and many losing faith in their ability to improve their lives.

Millions of dollars worth of federal contracts transformed Anita Talwar from a government accounting clerk into a wealthy woman — one who can afford a $2.8 million home in the Washington suburbs with its own elevator, wine cellar and Swarovski crystal chandeliers. Talwar, a 59-year-old immigrant from India, had no idea that she and her husband would amass a small fortune when she launched a company providing tech support to the federal government in 1987. But she shrewdly took advantage of programs for minority-owned small businesses and rode a boom in federal contracting. Talwar’s success — and that of hundreds...

As the U.S. population crossed the 300 million mark sometime around 7:46 a.m. Tuesday (according to the U.S. Census Bureau), the typical family is doing a whole lot better than families were in 1967, the year the population surpassed 200 million. Mr. and Mrs. Median's $46,326 in annual income is 32% higher than their mid-1960s counterparts, when adjusted for inflation, and 13% more than those at the median in the economic boom year of 1985. And thanks to ballooning real-estate values, average household net worth has increased even faster. The typical American household has a net worth of $465,970, up...