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Affluent Christian Investor | October 21, 2017

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Are You in the Top 50% of Wage Earners in the USA?

(Photo by 401kcalculator.org) (CC BY) (Resized/Cropped)

(Photo by 401kcalculator.org) (CC BY) (Resized/Cropped)

“Fifty-one percent of working Americans make less than $30,000 a year, new data from the Social Security Administration (SSA) shows”, according to a recent article at the Daily Caller. “That’s $2,500 a month before taxes and just over the federal poverty level for a family of five.” Forty percent of American workers are now making less than $20,000!

The new numbers come from the National Wage Index.

What the study does not point out is that the average household income in the US is now about $52,000, which means it takes two workers in the home to make ends meet.

Often, the problem is not a spending problem, but simply not enough income to get ahead. Do you or your household need to earn more money?

Here are a few tips:

  1. always work in the area where you are gifted.  This will allow you to maximize your income potential in that job.
  2. Seek to take on responsibilities that are beneficial to the growth of the company where you work. This will give you a higher probability for advancement and
  3. if you are able, consider a transition to self-employment or starting a side business for extra income.  The top incomes in America are earned through entrepreneurs.

 

Originally posted on Crown.

Chuck Bentley is CEO of Crown, a non-profit business and personal finance policy and educational organization, and author of “The S.A.L.T. Plan. How to Prepare for an Economic Crisis of Biblical Proportions” and “Root of Riches, What if everything you think about money is wrong?”

 

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