Korene's Blog

What Can You Buy Now Days?

The United States of America is widely considered to be the land of opportunity. People from so many countries all over the world flock to the United States, which is widely considered as a greener pasture. The pasture which is made greener by the green of the dollar! But does the average American get paid well, or is the good life restricted to only those with villas in Beverly Hills?

• The United States of America is mostly owned by China, Saudi Arabia, and Germany in that they own our government bonds and notes.  We are currently $13+ TRILLION dollars in debt and that is growing every day.
• The United States of America economy is valued at $13.6 TRILLION dollars and going down hill on a minute by minute basis.
• The United States of America debt load is the equivalent of almost $60,000 USD per person per year.
• The average American income (mean) for both sexes combined and irrespective of race, color or education, whether earning or not earning and with the only constraint that the sample set consists only of individuals above 25 years of age, is $43,362. Breaking this number down, we'll see that the average American salary per month comes to around $3,613.50. And it is fairly understandable to assume that if we take people under 25 years of age in the sample set, this number will become lesser overall.  But as statisticians will tell you, the median is widely accepted as a more accurate way of representing data than the mean, so the median American income, given the same qualifiers is $32,140 each year.
• The interest rate on that debt load is the average equivalent of 4.5% and is due at the rate amount of $9.99 per day and this is not tax deductible.  This does NOT Include the amount of taxes, fees, costs that the government assesses you for income taxes, transaction taxes, sales taxes, inheritance or death taxes, gasoline taxes, transfer taxes, burial taxes, Social Security Taxes, Medicare Taxes, Obamacare taxes, vehicle license taxes, airline and transportation taxes, etc....etc....etc...etc....
• We have Social Security and Medicare expenses which is not Tax Deductible...and we are not counting in ObamaCare expenses yet...
  so we are looking at $2,651.55 per year as a median costs annually.
• We have Federal and State Income which is approximately $8918. per year ..and we are not counting in ObamaCare expenses yet...
• If you live in an apartment you pay an average of $589.00/monthly plus utilities unless you have children and then the average rental amount is approximately $793.12 plus utilities for a family of 4 in a 2 bedroom 1 bath apartment, which is $7,068 per year...plus utilities and is NOT Tax deductible.
• The average utilities of electric, natural gas, cable, interest, telephone, and cell phone is at an average of $326.25 per month  or $3,915.00 per year which is NOT deductible from your federal and state income taxes....Oops you are broke before the end of the year...
• You probably need to get to work either by driving, ride sharing, or riding the bus.  SO for simplicity sake we are going to take the lowest charge and average you transportation costs of $460.39 per month.  This is NOT Income Tax deductible either.... Oops you are broke...
• You probably want to eat.  We will go inexpensive and frugal for about $125.00 per month. This is NOT Income Tax deductible either....Oops you are broke...And we went CHEAP....
• And this is before we talk about any Retirement, any Savings, any Replacement costs, any family, and any Recreation or Vacation or EMERGENCIES....
• Do you think politicians are going to help you out.....?  They spend over $3.4 BILLION for all these nasty, negative, political ads.  I wonder want would be the results if they went out and did some good with that money and paid it forward.....
• So this was all about what is the average American income. But I would still ask you to take these figures with a pinch of salt. The recession over the past couple of years and the number of job cuts remains unaccounted for in these numbers, so in today's context, these numbers can be quite inaccurate!

The moral of the story is this... You must rise above the mean or average by looking at Main Street which is where more than 80% of the American economy comes from (Be an entrepreneur) and build for YOUR future while helping others.

You have the ability to let your voice be heard on Tuesday, November 2, 2010 and GO VOTE!

Will you?