World, I need your help
A good while back, I put together the following report showing what job categories pay more then 52,000.00 per year and which ones pay less so that we could better understand why our economy crashed.
You can read that article by clicking here
My theory in this was that it cost an average of 52,000.00 per year just to break even, when you figure an average household renting or buying a home with an average payment of 1,000.00 per month, utilities, food, two car payments, etc.
Basically anybody that made more then a combined household income of 52,000.00 per year can contribute to the economy by purchasing things that they want because they have a little extra cash flow, whereas those that make less then a combined income of 52,000.00 per year are pretty well limited to the necessities of life and any unexpected events such as a hot water heater quitting, or a car breaking down will just about devastate their budget.
As you can see by the report, we have about 2 Trillion worth of income that can buy what they want if they want too and we have about 3 1/2 Trillion worth of income that can buy only the necessities of life and I’m curious how this compares to the other countries in the World.
For instance, I’m told that in many countries, a few, maybe 30 percent or so can afford things whereas the remainder live in poverty and I believe that we need to know these things to better understand the global economy.