Relevant:
- Rent Is Eating Up a Record Share of Americans' Disposable Income
- Another Reason Obamacare is Self-Destructing: >100% Marginal Income "Cliff"
- Study: 90% of Americans Worse Off Today Than 1970s
- What is the median household income in the US? A crisis spanning multiple generations and the taboo of household income.
- Bottom Fifth Of Americans Spent Double Their Incomes In 2011
2012-12-03 — zerohedge.com
In the recent past we noted the somewhat startling reality that "the single mom is better off earning gross income of $29,000 with $57,327 in net income & benefits than to earn gross income of $69,000 with net income and benefits of $57,045." While mathematics is our tool -- as opposed to the mathemagics of some of the more politically biased media who did not like our message -- the painful reality in America is that: for increasingly more Americans it is now more lucrative -- in the form of actual disposable income -- to sit, do nothing, and collect various welfare entitlements, than to work. This is such an important topic that we felt it necessary to warrant a second look. The graphic below quite clearly, and very painfully, confirms that there is an earnings vacuum of around $40k in which US workers are perfectly ambivalent toward inputting more effort since it does not result in any additional incremental disposable income.
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