Berto Jongman: USA Disappearing Middle Class – More than Half Make Less Than $30,000 a Year

01 Poverty, 03 Economy

berto smallMore Than Half of All Americans Make Under $30,000 a Year, According to a Shocking New Report

Wage statistics for 2014, recently released by the Social Security Administration, provide proof to the claim we all feared was true: The middle class is actually disappearing. As the online publication Washington’s Blog notes, 51 percent of U.S. workers in 2014 made less than $2,500 a month before taxes—which is below the poverty line for a family of five. What’s worse is that as the numbers in the original report are parsed, other stunning facts become clear. For instance, the fact that nearly 40 percent of Americans aren’t even making $30,000 but rather are earning closer to $20,000. Or that 70 percent of workers made less than $50,000 in 2014.