Question

How many days does it take the average american to earn enough money to purchase food for a year?

Answer 1

It would take approximately 32.4 days of work for the median American family to earn enough to afford their annual food budget of $6,000, based on the median income of $67,521 in 2020.

Step-by-step explanation:

To calculate the number of days it takes for the average American to earn enough money to purchase food for a year, we'll use the median family income and the average amount that might be spent on food based on the provided figures.

The median American family income in 2020 was $67,521. If a family were to spend $6,000 on food annually, we would divide the income set aside for food by the median income to calculate the fraction of a year spent earning that amount:

$6,000 ÷ $67,521 = 0.0888

We then multiply this by 365 days to get the number of days spent earning money to buy food:

0.0888 × 365 ≈ 32.4 days

On average, it would take about 32.4 days of work for the median American family to earn enough to afford their annual food budget.

Answer 2

Based on the average monthly salary of an average American as well as the nowadays pricing of food, it would take the average American about 35 days to earn enough money to purchase food for a year.

In 2011, the average American salary was about $3,769. This is equivalent to about $21.74 per hour.