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	penguinbait	2008-09-28 , 01:31
	Posts: 3,096 \| Thanked: 1,525 times \| Joined on Jan 2006 @ Michigan, USA	#24

Originally Posted by Benson

Imagine that such pictures are tenuous extrapolations.

Consider that single workers each count as a separate household, and likely have lower income than most families. The low end gets weighted with these, so that average is probably a good deal different from the average income of households that are "supporting a family". Not trying to argue how good or bad the economy's fundamentals are, but that statistic doesn't translate to the picture you're trying to paint.

Please note these stats are 2 years old

"Nearly 13 million American children live in families with incomes below the federal poverty level, which is $20,000 a year for a family of four. The number of children living in poverty increased by more than 11 percent between 2000 and 2005. There are 1.3 million more children living in poverty today than in 2000, despite indications of economic recovery and growth."

Not only are these numbers dispiriting, the official poverty measure tells only part of the story—it is increasingly viewed as a flawed metric of economic hardship (see box). Research consistently shows that, on average, families need an income of about twice the federal poverty level to make ends meet. Children living in families with incomes below this level—for 2006, $40,000 for a family of four—are referred to as low income. Thirty-nine percent of the nation’s children—more than 28 million in 2005—live in low-income families."

http://www.nccp.org/publications/pub_684.html

This is what I said

Originally Posted by penguinbait

In 2007, the average annual household income rose 1.3% to $50,233.00 according to the Census Bureau.

Imagine making 50K a year and supporting a family in this economy.

My point was there are many people making less than 50K per year. I remember being one, and I feel sorry for them, because I know what my grocery bill looks like, I know what my bank account looks like at the end of the month.

__________________
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Last edited by penguinbait; 2008-09-28 at 01:56.

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