America has poverty issues. So does the world. US median income is down to $51,939 (2013) from $55,562 (2001), but that’s still above the high end of the global middle class at $29,200.
In other words, almost nine-in-ten Americans had a standard of living that was above the global middle-income standard. Only 7% of people in the U.S. were middle income, 3% were low income and 2% were poor.
Even the US poverty line $23,021 is relatively rich. The relatively part is important. The data prove that incomes vary around the world, but so do expenses. But, that’s another study.
(Click on the chart for the link.)