Obamanomics in Action: 1 in 2 Working Americans Make Less Than $30,000 a Year

Obamanomics in Action: 1 in 2 working Americans earn less than $30,000 a year

unemployment jobs line

** Obamanomics in Action: Worst Labor Force Participation Rate Since 1977
** Obamanomics in Action… More Young Adults Live at Home Than in 2009
** Obamanomics in Action… More Young Adults Live at Home Than in 2009
** Obamanomics in Action: One in Five US Families Not Working
** Obamanomics in Action: Real Hourly Income Down 10{c18972fae7bad54fccba2a5109f73c6e4ffe73508739d7249e14c4c49d351322} Under Obama
** Obamanomics in Action: 11.4 Million Americans Have Left Workforce Since Obama Took Office
** OBAMANOMICS IN ACTION: Typical US Household Worth One-Third Less Than Under Bush
** Obamanomics in Action… One-Fifth of Middle Class Falls into Poverty

The Daily Caller reported:

Fifty-one percent of working Americans make less than $30,000 a year, new data from the Social Security Administration (SSA) shows.

That’s $2,500 a month before taxes and just over the federal poverty level for a family of five. The new numbers come from the National Wage Index, which SSA updates each year based on reported wages subject to the federal income tax.

In 2014, half of working Americans reported an income at or below $28,851 (the median wage), and 51 percent reported an income of less than $30,000. Forty percent are making less than $20,000. The federal government considers a family of four living on an income of less than $24,250 to be impoverished.

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