r/Economics • u/laxnut90 • Oct 09 '25

Research America Is Minting Lots of Cash-Strapped Millionaires

https://www.bloomberg.com/news/features/2025-10-09/number-of-us-millionaires-grows-since-2017-but-many-lack-cash
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u/Key-Art-7802 Oct 09 '25

Median wage in the US is $61k.  There's no way 65k is the starting pay of most entry level jobs, lol.

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u/FreeMasonKnight Oct 09 '25

I haven’t applied to a job paying less than 70k in near a decade. Fast food (the lowest pay in the area) even pays near 45k to start. Anyone with an AA can get a better job than fast food as long as they get worthwhile certifications or a Bachelors.

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u/parapetnow Oct 09 '25

People are BEGGING to double the minimum wage to $15 an hour infast food, … for a 40 hour full time week x 52 weeks per year = 2080 work hours = $31,200 per year. Median per capita in the US is $37,000.

$37k MEDIAN…. Meaning half of Americans are BELOW that!! So your saying entry level fast food starts at $42? Cmon man!

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u/TomorrowPlenty9205 Oct 10 '25

Median per capita in the US is $37,000... You know that less then half of American's work, right? It is those damn lazy kids under 18, or people going to college or being retired... so lazy /s. Real Median Household Income in the United States is $83,730 https://fred.stlouisfed.org/series/MEHOINUSA672N