The median personal income is about $36K [0], so $40K is about 10% more. The median full-time worker is about $50K. [1] Households frequently have more than one earner.
[0] https://fred.stlouisfed.org/series/MEPAINUSA672N
[1] https://www2.census.gov/programs-surveys/demo/tables/industr... [XLSX]
The median personal income is about $36K [0], so $40K is about 10% more. The median full-time worker is about $50K. [1] Households frequently have more than one earner.
[0] https://fred.stlouisfed.org/series/MEPAINUSA672N
[1] https://www2.census.gov/programs-surveys/demo/tables/industr... [XLSX]