Joe Sixpack's Situation In 2Q2017: The Average Joe Is Better Off

Almost all Americans who MUST work to survive are Joes. Americans who are relying on some level of earned income during retirement are Joes. I believe many who see themselves as middle class (educated or not - professional or blue collar) is a Joe. Joe is somewhere around average American:

We specify by definition that over 50% of Americans are Joes.

Note: The Z.1 data is based on averages not medians. In other words, the rich are getting richer - and this influences the averages.

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Moon Kil Woong 4 years ago Contributor's comment

Good article. I would tend to agree, however, getting to this is tough given the skew from the non Joe's. The sad fact is there are more non Joe's today on the low end than before and there are less Joe's on the high end although they are much wealthier which is probably a more important change than the lack of change from the average Joes.

Steven Hansen 4 years ago Author's comment

Absolutely - the lower end is just surviving from hand-to-mouth and this group is growing