The typical U.S. family earns about $71,000 per year, according to the Census. Yet, the average American believes a family needs at least $85,000 in annual household income to get by, according to a recent Gallup poll.
That finding tracks with a recent study from SmartAsset, a financial technology company, which found the average American worker needs $68,499 in after-tax income to live comfortably. (That works out to around $85,000 in total income, assuming a 20-percent tax hit.)
The two releases point to the same conclusion: Many Americans earn too little in 2023 to attain a decent standard of living in their communities.
This is exactly why people are angry. How is it possible that, for all the advances we’ve made, more than half the population is struggling to get by?
At the risk of being accused of shameless self-promotion (which… i guess this is), come to !workreform@lemmy.world if you believe labour should be paid more equitably. We create value, not shareholders.