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Why Americans are going hungry despite a strong economy
(www.nbcnews.com)
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this post was submitted on 10 Dec 2023
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As of 2022, 33.9% of US HOUSEHOLDS made less than $50k/year. The median rent for the same year was $1874/month. That is $22,488/year. That is 44.976% of 50,000. 50,000 was the highest end of the range from 0 to 50,000. That means that ~⅓+ of the country have a very high probability of paying more than 45% of their annual wage in rent alone. Taking the low average from here, that is another $562/month out the window for utilities, or $6,744/year. So shelter and basic utilities for survival has us up to $29,232. For reference, that is 38% of the annual income for $75,000/year, the next line up in that chart. That is another 16%+ of households, which means that more than 50% of the US population is spending 38%+ of their annual income on housing and basic utilities, not even food. And just in case you are curious, that initial <=50k group is paying 58% of their income just to have heat, electricity, and housing to use them in. And to make sure that these numbers were not being biased by rents among income distributions, I was able to find raw data to check my estimates. They were actually low. Of the 45,221,844 households renting as of 2022, 10,492,596 of them make less than $50,000/year AND pay more than 40% of their annual income in rent. That is 47.2% of people making less than 50k/year and accounts for over 23% of all renters in the country.
So, in long, yes, everyone is poor. And to think otherwise is to either buy in to blatant propaganda, functionally not understand statistics but still think you know better than those who do, or be disingenuous representing reality in a bid to mislead the public. Only you can answer which one that is.
I party because the rent is too damn high! No, wait….. 🤔
That supports what I am saying. 33.9% is about 85,239,000 Americans. There are 40 Million Adult Americans without a High School degree and another 45 million with only a high school degree and no trade skills or college degree. I feel for them, they will be left behind. Stay in school kids.
Except I have a master's degree and don't make 50k and am nearly destitute. Both my undergrad and graduate degree are in demand, I just can't get anyone to give me an interview.
Then you have red flags you need to eliminate. There is a personal reason for your situation.