Wealth Creating US Economy
For the economy detractors, here is an eye-opening snippet from a new study:
Among households headed by prime age Americans - adults between the ages of 26 and 59 - the median household income is about $63,000. For prime age married households the median income is over $70,000, and it is nearly $80,000 for two-earner prime age households.
They have removed the "households" containing heads of 22-year olds at the beginning of their careers and 70-year olds in retirement mode. Naturally, the young and old are in a different phase of life and work that the group analyzed.
It is not "the rich" with the high incomes. It is just regular people in a particular earning phase of their life. And how about the income for such folks?