It is important to note that not everyone in the bottom 20% who makes $7,900 per year is poor. As I mentioned, my daughter made about that much working part-time in college. A part-time stay at home mother who works 20 hours a week at Wal-Mart earns $7,000 a year. If her husband makes $40,000, that puts them solidly in the middle tier for family income in most states.

- Jed

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