Showing posts with label median family income. Show all posts
Showing posts with label median family income. Show all posts
Wednesday, August 27, 2014
Friday, January 3, 2014
Wednesday, October 2, 2013
From 1970 to 2010, Federal Spending Grew Nearly 12 Times Faster than Median Income...
When federal spending grows faster than Americans' paychecks, the burden of government on taxpayers becomes greater.
Over the past four decades, median-income Americans' earnings have risen only +24%, while spending has increased +288%!
PERCENT CHANGE IN INFLATION-ADJUSTED DOLLARS (2012)
Sources: U.S. Census Bureau and Office of Management and Budget.
Wednesday, August 21, 2013
Wednesday, August 14, 2013
What if Families Handled Finances Like the Federal Government Does?
INFLATION-ADJUSTED DOLLARS (2012)
Sources: Congressional Budget Office and U.S. Census Bureau.
In 2010, median family income was $51,360. If a typical family followed the federal government's lead, it would spend $73,319 and put 30 cents of every dollar spent on a credit card.
This family would have racked up $325,781 in credit card debt—like a mortgage, only without the house.
What credit card company would continue lending money to this family?
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