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CNN: Middle class incomes jump to $61,400...WTF are they doing posting this?!?!
Posted on 9/12/18 at 10:33 am
Posted on 9/12/18 at 10:33 am
quote:
Americans' finances are continuing to improve. Median household income rose to $61,400 in 2017, up 1.8% from a year earlier, according to data released by the US Census Bureau on Tuesday. The report is the first look at the nation's fortunes under the Trump administration. The increase continues a streak of strong income growth that began in 2015 during President Barack Obama's second term. Median income grew 3.2% in 2016 and 5.2% the year before. The poverty rate, meanwhile, dropped to 12.3%, down from 12.7% the prior year
CNN LINK
5
Posted on 9/12/18 at 10:35 am to Covingtontiger77
my son has a job making $20/hr and he's in college. he could do that fulltime and make $40k/yr just starting out.
when i graduated in 1990 it took me 5 years until i was up to 32k and i thought i was a damn millionaire
when i graduated in 1990 it took me 5 years until i was up to 32k and i thought i was a damn millionaire
Posted on 9/12/18 at 10:35 am to Covingtontiger77
quote:
The increase continues a streak of strong income growth that began in 2015 during President Barack Obama's second term
Just had to throw that little gem in didn't they
Posted on 9/12/18 at 10:35 am to Covingtontiger77
quote:
The increase continues a streak of strong income growth that began in 2015 during President Barack Obama's second term
This is their angle
Posted on 9/12/18 at 10:38 am to CAD703X
quote:
my son has a job making $20/hr and he's in college. he could do that fulltime and make $40k/yr just starting out.
hell, when i got a promotion at my college gig from $5.15 to $8.00 an hour i thought i was baller.
Posted on 9/12/18 at 10:38 am to CAD703X
quote:
make $40k/yr just starting out.
when i graduated in 1990 it took me 5 years until i was up to 32k and i thought i was a damn millionaire
Well, $32k in 1995 is worth about $51k today.
Posted on 9/12/18 at 10:38 am to CAD703X
When I graduated from law school, typical starting salaries in the Nola area were 25K for first year associates. Times damned sure have changed.
Posted on 9/12/18 at 10:42 am to kingbob
inflation calculator
Yeah. I don't think some people realize how inflated the dollar is now.
40K today was essentially 25k in 1995.
Yeah. I don't think some people realize how inflated the dollar is now.
40K today was essentially 25k in 1995.
This post was edited on 9/12/18 at 10:46 am
Posted on 9/12/18 at 10:42 am to VOR
quote:
When I graduated from law school, typical starting salaries in the Nola area were 25K for first year associates. Times damned sure have changed.
i remember making about 18k/yr as a computer salesman since nobody wanted a lowly LSU grad at the time
Posted on 9/12/18 at 10:43 am to VOR
I was about to add. This is one of those things that will be skewed.
They will tell you the good news. Middle Class Income jumps to $61K, the bad news fewer people are considered Middle Class.
They will tell you the good news. Middle Class Income jumps to $61K, the bad news fewer people are considered Middle Class.
Posted on 9/12/18 at 10:43 am to VOR
When was that? Due to inflation, there may not be that much of a disparity.
Posted on 9/12/18 at 10:43 am to volod
quote:
Yeah. I don't think some people realize how inflated the dollar is now.
wow. that is pretty eye-opening. i'm still on 1990s time when i look at how much companies pay people.
Posted on 9/12/18 at 10:45 am to Covingtontiger77
quote:This is why they posted it. Giving all the credit to the great BO.
streak of strong income growth that began in 2015 during President Barack Obama's second term
Posted on 9/12/18 at 10:47 am to Oddibe
Well shite, my first job out of college was for $34k and that was in 2004...guess I didn't realize how poor I was.
Posted on 9/12/18 at 10:48 am to CAD703X
quote:Shreveport TV news reporting Vivian having trouble hiring cops. Pay is $11/hr PT and $13/hr FT. No wonder they have trouble, especially since CostCo announced minimum now $14/hr for them.
my son has a job making $20/hr and he's in college. he could do that fulltime and make $40k/yr just starting out.
Posted on 9/12/18 at 10:52 am to CAD703X
quote:inflation has killed the dollar in the past 30 years.
my son has a job making $20/hr and he's in college. he could do that fulltime and make $40k/yr just starting out.
when i graduated in 1990 it took me 5 years until i was up to 32k and i thought i was a damn millionaire
Posted on 9/12/18 at 10:52 am to Sidicous
quote:
Shreveport TV news reporting Vivian having trouble hiring cops. Pay is $11/hr PT and $13/hr FT. No wonder they have trouble, especially since CostCo announced minimum now $14/hr for them.
I get cost of living is different living in a small city like Vivian, but no way I'd be a cop for $13/hr
Posted on 9/12/18 at 10:53 am to Sidicous
quote:
Shreveport TV news reporting Vivian having trouble hiring cops. Pay is $11/hr PT and $13/hr FT. No wonder they have trouble, especially since CostCo announced minimum now $14/hr for them.
holy crap. my kid makes double that to sit at a desk & answer phones.
who wants to get shot at for $11/hr?
Posted on 9/12/18 at 10:55 am to CarRamrod
quote:
quote:
my son has a job making $20/hr and he's in college. he could do that fulltime and make $40k/yr just starting out.
when i graduated in 1990 it took me 5 years until i was up to 32k and i thought i was a damn millionaire
inflation has killed the dollar in the past 30 years.
Inflation has been virtually no different from 1988 to present than it was before.
If anything, it's been much more modest and much less volatile during the past thirty years than it used to be.
This post was edited on 9/12/18 at 10:56 am
Posted on 9/12/18 at 10:55 am to saints5021
quote:
shite, my first job out of college was for $34k and that was in 2004...
That's $45,500 approximately in 2018.
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