"What do you mean 'Average American Income' Mem?"
"Well the average income in the across the 50 U.S. is approximately $63,000/yr. "
"Exactly. So how is < $20,000..."
"As I was saying before you interrupted. $63,000/year. is the average income in the U.S. However, that amount is expected and all pricing standards are based around this amount supporting a family of 4.
An earner and 3 dependents.
"Mom, Dad, and 2.4 children
"Except that in the U.S. because of inadequate health care the typical family has 5 dependents.
More on that later..."
"But..."
"Shush, I'm not done.
$63,000 divided by 4 is?
That's your que to interrupt me and demonstrate to the people you can do basic math, but moving on. That's $15,750.
So the average American annual income is actually. $15,750. And all of their needs and necessities need to be budgeted into that.
"But most homes have two incomes, 2 workers. So that's under selling..."
"I'm sorry, I thought you asked me here for my professional analysis, not to lecture me on how to present my data.
Can I continue, or shall you continue explain the contents of my report that you didn't see until today?
Thank you
With a two income house hold, assuming they both make $63,000 a year means...?
That's your que to show your math skills again.
No?
Good.
I can finish this.
$126,000 a year.
Meaning they would be able to provide each person about $31,500/year.
I set the $20,000/year budget limit to split the difference.
Since the cost of the average personal vehicle is $3000 to $8000 annually depending on monthly payment, insurance, and frequency of use. So forgoing a personal vehicle I have stuck to that budget for the last 20+ years in order to have an actual understanding of what the average U.S. citizen is able to provide for themselves.
Which, as you can see, is inadequate.
To maintain this budget I've had to waive all but emergency healthcare, spend more time hungry than not, and find work trades for adequate housing."
The report is thorough and the analysis made without any external input beyond data points to illustrate the existing system v.s. the proposed.
Now, if you have questions I'm happy to answer but make them brief I have 4 more of these today and I'm only here for the week."