UPDATE: HOW DOES MY FAMILY INCOME COMPARE TO OTHERS?

INCOME/ YEAR           ATLEAST THIS MUCH ANNUALLY

0$.5% //////////////////////////////////////////////////////////$1,750,000 & UP

1%//////////////////////////////////////////////////////////////////////////////////// $400,000

5%/////////////////////////////////////////////////////////////////////////$185,000

10%/////////////////////////////////////////////////////////$125,000

20%/////////////////////////////////////////////////////////////////////////$103,000

30%/////////////////////////////////////////////////////////////////////////////$80,000

40%/////////////////////////////////////////////////////////////////$68,000

50%//////////////////////////////////////////////////////////$58,000

60%////////////////////////////////////////////////////////////////////$45,000

70%/////////////////////////////////////////////////////////////////////// $34,000

80%//////////////////////////////////////////////////////////// $26.000

90%////////////////////////////////////////////////////////////// $10,500

MEDIAN INCOME IS $40,000 PER HOUSEHOLD

(BILL GATES MAKES AS MUCH AS 120 MILLION PEOPLE.)

SOURCE: US. CENSUS BUREAU (2006)

Thirty something sons now make on average 12% less than their sons. Upward mobility has also slowed compared to the past.

The LOS ANGELES TIMES IN THE GAZETTE, 5/26/ 2007 7A.