Washington, D.C., United States (AHN) – Although the per capita income of all U.S. workers in 2010 was at $39,959.30, about half of American employees earned less than $26,363.55 a year.
The Social Security Administration which released the figure explained the large difference between the average and median income to wage levels being skewed. The difference represents the growing income gap in the country in which those few on top get very high compensation packages and the majority get pittance.
The figures are not significantly far from the finding of a study made by two former Census Bureau officials that the median household income in the U.S. was $49,909. Adjusted for inflation, the figure showed a 6.7 percent decline from June 2009 to June 2011.
It was more than double the decline in household income from December 2007 to June 2009 which was by 3.2 percent.
According to the authors of the study, Gordon Green Jr. and John Coder, the combined 9.8 percent drop in income from the start of the recession to middle of this year is apparently the largest decline in several decades.