Saw an article in Kiplinger by Kevin McCormally with this title. Here it is - the incomes that get you to the indicated place in all incomes in America according to the IRS in 2007. This is personal income but would still be somewhat applicable if you are looking at your family income:
Income Category 2007 AGI
Top 1% $410,096
Top 5% 160,041
Top 10% 113,018
Top 25% 66,532
Top 50% 32,878
Where was the poverty line? Well for a single person $11,201 and for a family of 4 it was $21,834.
Shoot - I remember making less than the poverty line as a principal with a family of 5! Shoot when I moved over to Riverdale and got my big raise to $20,000 we still would have been in poverty today! Very interesting.
15 years ago
2 comments:
I find it interesting that the poverty line for a family of 4 is not even twice the poverty line for a single individual.... And kids are expensive!
I think the kids are more expensive than the adults! I know I raised 5 of them. Oh yeah, you were one of them. Now I remember. :-))
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