Interesting report from the Life, Inc. blog about Americans living on $50,000 a year - which is the national household median income as reported by the Census Bureau.
This week, they’ll be profiling people from across the country whose annual household income is about $50,000.
We are the median: Living on $50,000 a year
Does $50,000 a year seem like plenty to live on, or not nearly enough?
If you said somewhere in between, that makes sense because $49,445 is the national household median income, meaning about half of all households live on more than that and half on less. The figure, based on 2010 calculations, was reported in September by the Census Bureau as part of an extensive report on income and poverty…
…Many of the readers who wrote to us say that on $50,000 a year they can put food on the table, pay for necessities and even splurge occasionally on a dinner out or a game for the family.
But others told us they have to watch their budgets closely and occasionally make sacrifices to get the bills paid.
“It’s not poverty. We don’t miss meals and we make MOST of our bills. However, we live paycheck to paycheck, and we carry debt,” wrote Brett Jones, 37, who lives with his partner in Texas.
(photo of Nathan Palmer, left, and Brett Jones at their home in Victoria, Texas, by Eric Kayne via Life Inc.)
