The standard wage for an American is $29,000: Social Security data reveals raw figures for the wealthiest country in the world.

mybudget360.com / January 29, 2017

All Americans pay Social Security taxes.  So looking at Social Security for income data is fairly reliable.  The new Social Security figures show that Americans continue to make a lot less than what the public tends to believe.  For example, you may have seen mainstream shows with talking heads saying that someone making $200,000 a year is somehow middle class.  First, if your family is making that much you are in the top five percent of all U.S. households.  Not exactly the middle.  The median figure is the best measure here.  This is the point where half of workers make less or more (the true middle).  The latest Social Security data shows that the median worker income earned by an American is much less than what most expect.

What does the typical American worker make?

Most Americans are living by the seat of their financial pants.  Half of the country is living paycheck to paycheck hoping their money clears into their account fast enough to pay the mortgage or rent and electricity.  You also see so many people going into incredible levels of debt just to maintain the illusion that they are somehow middle class.

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