3rd World America

And a lot of those who make more have huge piles of debt in student loans.

Goodbye Middle Class: 51 Percent Of All American Workers Make Less Than 30,000 Dollars A Year Washington's Blog:

You can find the report that the Social Security Administration just released right here.  The following are some of the numbers that really stood out for me… 

-38 percent of all American workers made less than $20,000 last year.
-51 percent of all American workers made less than $30,000 last year.
-62 percent of all American workers made less than $40,000 last year.
-71 percent of all American workers made less than $50,000 last year. 

That first number is truly staggering.  The federal poverty level for a family of five is $28,410, and yet almost 40 percent of all American workers do not even bring in $20,000 a year.
If you worked a full-time job at $10 an hour all year long with two weeks off, you would make approximately $20,000.  This should tell you something about the quality of the jobs that our economy is producing at this point.

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