What is the average annual income in the US.
How much does the average person have in savings in the US.
2007-02-04 05:59:51 · 4 answers · asked by just me 4 in Business & Finance ➔ Personal Finance
The real median income of households in the US is $46,326 (based on results of 2005 US census).
The average person in the US has less than 1 month worth of salary saved.
2007-02-04 06:18:01 · answer #1 · answered by Josh 3 · 0⤊ 1⤋
Ha,ha...The "average" American doesn't have a whole lot to save. Average has become living paycheck to paycheck, and being lucky if he or she can pay all the bills on time, make their credit card and car payments, their mortgage (or rent).
There is not a lot left of "middle class" people. There is now the very rich, the minimum wage worker, and a few who happen to be somewhat better off. These are families where both parents work full time, their child(ren) spend the days with strangers (which also costs a bundle--with no guarantee of what kind of care the child is getting), and both partners are generally too exhausted to do much besides work.
This leads to divorce--where both parties are spending all their money on child support--and neither has a pot to p!s$ in. Even if the couple does not divorce, they have very little time for each other or the child--which makes them feel guilty--in turn they wind up spoiling their kids rotten, and letting them get away with murder.
I don't know where you live, but if that old rumor that America's streets are paved with gold is still around enticing people to come here--you're in for a very big surprise. Even those who do very well at work...well the more you make, the more you spend--must keep up with those Jones'--materialistic world.
2007-02-04 06:15:03 · answer #2 · answered by Holiday Magic 7 · 1⤊ 1⤋
Can't answer your first question, but I'm sure you can find it online. The problem is - are you looking for personal income or household income?
The second question is easier. In April 2005, for the first time since the Great Depression, the personal savings rate in the US dropped BELOW zero (which means, on average, people are spending more than they make). It has remained below zero ever since.
2007-02-04 10:02:07 · answer #3 · answered by homeschoolmom 5 · 0⤊ 0⤋
I can answer the first question. Average income in US is around $50,000. Just rounding. But that is not the most common, say using statistics..
2007-02-04 06:10:12 · answer #4 · answered by chazzer 5 · 0⤊ 2⤋