Families, Children and Women Need a Basic Income — Market Mad House

Women need a basic income because our economy shortchanges families, children, workers, and females. Sadly, being female is often a ticket to poverty in America.

For example, the average working American woman made $31,610 a year in 2017, the US Census Bureau estimates. Meanwhile, the average working man in America had a take home pay of $44,408 a year.

Moreover, the median female income in America in 2017 was $41,977 a year according to the Census Bureau. However, the average 2017 male income in America was $52,146 a year.

America Shortchanges Women and Men

Interestingly, you can argue America’s economy short changes both women and men. The Central Intelligence Agency (CIA) estimates America’s GDP Per Capita Income for 2017 at $59,500 a year.

To clarify, the GDP Capita Income is the theoretical amount every American could make; if you divided America’s $21.063 trillion Gross Domestic Product (GDP) up equally among all citizens. However, the St. Louis Federal Reserve estimates America’s Real Median Personal Income at $31,099 a year for 2016.

The real median personal income is the amount of money the average American makes every year. Thus, America short changes everybody but women…