Budgeting > Wage Statistics |
WHAT DO AMERICAN WORKERS EARN? Have you ever wondered how your income and net worth compare with your fellow Americans? Below are some statistics compiled by the Census Bureau for the year 2005: - There are about 240 American billionaires. - 275,000 American households have a net worth of $10 million or more. - About four million Americans (1.4%) have a net worth of $1 million or more. - About five percent of households are considered high income and are defined as households that earn more than $90,000 annually. - The median household income for all 50 states in 2004 is $44,000. - Median income by region: The median household income for southern states is the lowest at $37,000; the highest median household income is found in the northeastern states at $47,000. - Median income by race: African-American households had the lowest median income in 2004 ($30,134) among all racial groups. Asian households had the highest median income ($57,518). The median income for non-Hispanic white households was $48,977. Median income for Hispanic households was $34,241. - The real median wage for a man in 2004 is $40,798; for a woman, $31,223 - The mean hourly wage of all workers in the US is $11.87; the average wage is $18.00. - 37 million (10 to 13 percent) people live in poverty in the United States. Poverty is defined as a household income below $19,307 for a family of four; for a family of three, $15,067; for a family of two, $12,334; and for an individual living alone, $9,645. Credit Kit -- Improve your credit rating and save thousands Debt Kit -- Settle your unsecured debts for less than half of amount owed |
WHAT DO AMERICAN WORKERS EARN? Have you ever wondered how your income and net worth compare with your fellow Americans? Below are some statistics compiled by the Census Bureau for the year 2005: - There are about 240 American billionaires. - 275,000 American households have a net worth of $10 million or more. - About four million Americans (1.4%) have a net worth of $1 million or more. - About five percent of households are considered high income and are defined as households that earn more than $90,000 annually. - The median household income for all 50 states in 2004 is $44,000. - Median income by region: The median household income for southern states is the lowest at $37,000; the highest median household income is found in the northeastern states at $47,000. - Median income by race: African-American households had the lowest median income in 2004 ($30,134) among all racial groups. Asian households had the highest median income ($57,518). The median income for non-Hispanic white households was $48,977. Median income for Hispanic households was $34,241. - The real median wage for a man in 2004 is $40,798; for a woman, $31,223 - The mean hourly wage of all workers in the US is $11.87; the average wage is $18.00. - 37 million (10 to 13 percent) people live in poverty in the United States. Poverty is defined as a household income below $19,307 for a family of four; for a family of three, $15,067; for a family of two, $12,334; and for an individual living alone, $9,645. Credit Kit -- Improve your credit rating and save thousands Debt Kit -- Settle your unsecured debts for less than half of amount owed |
Budgeting > Wage Statistics |
