The Plight of America's Bottom 50%
27 June 2017 | Pago Pago, American Samoa
Average annual real income for bottom 50% of Americans is $16,200, compared to $14,867 for Mexico, the lowest of the OECD 32 advanced nations of the world and $19,999 for Hungary, the next lowest OECD advanced nation.
"This group — the approximately 117 million adults stuck on the lower half of the income ladder — “has been completely shut off from economic growth since the 1970s,” a team of economists found. “Even after taxes and transfers, there has been close to zero growth for working-age adults in the bottom 50 percent.” NY Times