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America's middle class: Poorer than you think


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America's middle class: Poorer than you think

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 Cloudy 
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Middle class Americans: Not so wealthy by global standards - Jun. 11, 2014

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 GFIs1 
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Two interesting messages - thanks - here some combination of both:

1) "The federal government paid $2,007,358,200,000 in benefits and entitlements in fiscal year 2013 from government programs, according to data from the Bureau of the Fiscal Service’s Monthly Treasury Statement."
which means $6'300 per US head and year

2) "Americans' median wealth is a mere $44,900 per adult"

Example: a family with 2 adults and 3 children got from the US government program in 2013 a total of $31'500 but the "wealth per adult" totals for the family only $89'700.

GFIs1

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Last Updated on August 22, 2014


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