Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Where Do You Stand on America's Wealth Spectrum?
Yahoo ^ | 6 November 2007 | Lee Eisenberg

Posted on 11/06/2007 5:49:23 AM PST by shrinkermd

This article is a compilation of income and wealth statistics by percentile. It is fairly comprehensive.

Among the quotes are:

"...Whenever I slip these tidbits into cocktail party chatter, people are surprised to realize how little money it takes to win a gold star from the Fed. If you and yours are bringing in $40,000 a year, you're doing better than half the households in America.

Or, as a Washington think tank recently pointed out: If you're a teacher married to a policeman, your combined household income puts you in the top 25 percent of all households in the nation.


(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Culture/Society; Extended News; Politics/Elections
KEYWORDS: income; statistics; wealth
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 101 next last
To: shrinkermd
As you see, there's a massive disparity between the haves and have-nots...... Horsepoop. The most massive disparity is likely age. I have been in every one of those "wealth" brackets at some stage in my life. A lifelong accumulated wealth of $860k does NOT have you rubbing shoulders with those who make $25Mil per movie. Those "wealth" categories are working-class categories.
21 posted on 11/06/2007 6:20:56 AM PST by bobsatwork
[ Post Reply | Private Reply | To 1 | View Replies]

To: Labyrinthos

We’re above average in both and I still don’t feel rich. I’m not rich.


22 posted on 11/06/2007 6:21:25 AM PST by Conservativegreatgrandma
[ Post Reply | Private Reply | To 13 | View Replies]

To: shrinkermd

It’s not how much you make, but what you do with it.


23 posted on 11/06/2007 6:22:10 AM PST by petercooper ("Daisy-cutters trump a wiretap anytime." - Nicole Gelinas - 02-10-04)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Conservativegreatgrandma

Because everything costs so damn much.


24 posted on 11/06/2007 6:22:20 AM PST by RockinRight (The Council on Illuminated Foreign Masons told me to watch you from my black helicopter.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Graybeard58
"It's you and me brother."

My word! Who are the ones making LESS than $40,000?

Me and my spousal unit combined earn quite a bit more than that, but there is no way I feel like we're wealthy.

I can't imagine trying to get by on less than 40k.

25 posted on 11/06/2007 6:22:20 AM PST by Designer
[ Post Reply | Private Reply | To 4 | View Replies]

To: cripplecreek
Most people around here live in Jackson county Michigan due to the lower cost of living here but work in Washtenaw county where pay is better.

We have more-or-less the same dynamic around here. Pay is better in Boston, but the cost of living is astronomical, so people tend to live in the surrounding suburbs and exburbs. And now the cost of living in those places is celestial as well. One has to drive at least an hour from Boston to find anything affordable.

26 posted on 11/06/2007 6:22:33 AM PST by Hemingway's Ghost (Spirit of '75)
[ Post Reply | Private Reply | To 19 | View Replies]

To: shrinkermd

Damn! I am rich! Who knew!


27 posted on 11/06/2007 6:22:37 AM PST by cajungirl (no)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Mad Dawg

They say if you have assets over 800 plus thousand you are in the top tier. That may be so but that is a long way fro wealthy in my opinion.


28 posted on 11/06/2007 6:24:18 AM PST by cajungirl (no)
[ Post Reply | Private Reply | To 2 | View Replies]

To: bobsatwork

Right. Wealthy people spend 860 thou a year old their hobbies.


29 posted on 11/06/2007 6:25:35 AM PST by cajungirl (no)
[ Post Reply | Private Reply | To 21 | View Replies]

To: shrinkermd

Wow. I don’t feel so poor now.


30 posted on 11/06/2007 6:25:45 AM PST by SoldierMedic (Rowan Walter, 23 Feb 2007 Ramadi)
[ Post Reply | Private Reply | To 1 | View Replies]

To: wagglebee
I remember thinking when all of this SCHIP nonsense started last month how crazy the left's thinking was. If you are a family of four making $80K a year, you are "rich" enough to afford a tax increase, yet you are too "poor" to afford health insurance for your kids.

I have often noted the same things. When raising taxes, there are an awful lot of people that liberals think "can afford it." But when doling out entitlements, there are too many to be paid.

Let's see the democrats tax net worth. Let's see how that goes over. Oh yea, the death tax.

By the way, why don't we ever see the stats officially labeling the "middle class"?

Consequently, these statistics are always way off for income levels. There is a large group of workers in the 17 - 23 age range that have very low wage jobs while in school that are included in the stats as "poor." There is also a lot of 60 - 90 age range that is included. They switch back and forth from "house hold" incomes to individual incomes when it fits the story they are selling.

31 posted on 11/06/2007 6:27:58 AM PST by Tenacious 1 (The earth is getting Warmer! It ain't my fault. Let's boycott Mother Nature!)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Hemingway's Ghost
"And I'm sure cats who live in Manhattan, LA, and San Fran have it even worse."

They have higher wages, but expenses are higher there, so it all works out. They are fundamentally no better off than we here in the heartland who are paid less.

Both my sons make more than I do, (both more education as well), but both also live in some high-priced areas.

32 posted on 11/06/2007 6:27:58 AM PST by Designer
[ Post Reply | Private Reply | To 17 | View Replies]

To: shrinkermd
If you're a teacher married to a policeman, your combined household income puts you in the top 25 percent of all households in the nation.

That's funny. Police and teachers (unions) here in Cali are always whining about how poor and underpaid they are.

33 posted on 11/06/2007 6:29:16 AM PST by jrp
[ Post Reply | Private Reply | To 1 | View Replies]

To: Conservativegreatgrandma

My wife and I are also well above “average” nationally...but only slightly above locally.

Either way we don’t feel rich, either.


34 posted on 11/06/2007 6:29:38 AM PST by RockinRight (The Council on Illuminated Foreign Masons told me to watch you from my black helicopter.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: petercooper
It’s not how much you make, but what you do with it.

It's not how much you make, it's how you make it much?

35 posted on 11/06/2007 6:32:03 AM PST by Mad Dawg (Oh Mary, conceived without sin, pray for us who have recourse to thee.)
[ Post Reply | Private Reply | To 23 | View Replies]

To: cajungirl
fro wealthy

'fro wealthy?"

But yeah, "wealthy" is a noise that liberals make when they want to raise taxes. It conveys no specific meaning.

36 posted on 11/06/2007 6:33:40 AM PST by Mad Dawg (Oh Mary, conceived without sin, pray for us who have recourse to thee.)
[ Post Reply | Private Reply | To 28 | View Replies]

To: traditional1
I was a Union member for only 2 years; back in 1968 and 1969

It's not real popular around here (understatement) but I was a union member for 31 years and I don't try to keep it a secret, nor do I keep secret the fact that I have never voted for a democrat in my life.

.

37 posted on 11/06/2007 6:34:13 AM PST by Graybeard58 ( Remember and pray for SSgt. Matt Maupin - MIA/POW- Iraq since 04/09/04)
[ Post Reply | Private Reply | To 15 | View Replies]

To: Conservativegreatgrandma

See there? I bet you feel richer already!


38 posted on 11/06/2007 6:34:54 AM PST by Mad Dawg (Oh Mary, conceived without sin, pray for us who have recourse to thee.)
[ Post Reply | Private Reply | To 20 | View Replies]

To: Designer

I thought it interesting when Britney Spears and her husband Kevin went to court and had to declare earnings. The press focused on Britney and not her husband...he earned over $500,000 but after deductions his gross pay was around $7,000. I guess Hollywood knows how to avoid paying taxes, makes it easier to support a candidate who is going to raise taxes.


39 posted on 11/06/2007 6:37:14 AM PST by Paratrooper
[ Post Reply | Private Reply | To 25 | View Replies]

To: Designer
I can't imagine trying to get by on less than 40k.

A lot depends on where you live, how many people in your family, is your house paid for etc. Many people get by on a lot less than 40k per year.

40 posted on 11/06/2007 6:37:24 AM PST by Graybeard58 ( Remember and pray for SSgt. Matt Maupin - MIA/POW- Iraq since 04/09/04)
[ Post Reply | Private Reply | To 25 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 ... 101 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson