SurvivalBlog reader P.S. sent in a link to the US 2014 wage statistics. Basically:
If you’re making $30K, you are in the 51st percentile. In other words, 51% of the U.S. population is making the same or less than you.
If you’re making $60K, you are in the 81st percentile.
If you’re making $90K, you are in the 90th percentile.
If you’re making $125K, you are in the 95th percentile.
A 1 percenter would be making $250K or more, putting them in the 99th percentile. There are approximately 1.1M people who made between $250K and $500K in 2014.
A 0.1 percenter would be making $500K or more, putting them in the 99.9th percentile. There are approximately 130,000 people who made $500K or more in 2014.
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Zero Percent Inflation: Next Up, Deflation
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Items from the Economics Team:
Budget Prioritization Problems in Illinois: The State is Deep into Uncharted Territory (Reuters)
Free Fruit from Community Orchards (Frugal Living)
Working with a Meal Plan: How to Eat Well on $20 a Week (Wise Bread)
The Mises Week in Review: Governments Continue to Cling to the Follies of Central Planning (Mises Institute)
Learning About Money: What Your Child Should Know (Market Watch) Commentary: I would add a lot more about financial independence, risk reduction, acquisition of means of production, and more, but this list does provide some good ideas worth consideration in the education of young people.