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Education
Individual income earner measurements for the bottom
80 percent are as follows:
• 16 to 30 percent of all individual income earners
make $27,000 to $35,000 per year, which is
considered the U.S. median income range. Being in
this category puts you in the working class.
• 35 percent of all individual income earners make
from about $15,000 to $25,000 per year; people in
this category are considered to be among the lower
class.
• 15 percent of all individual income earners make
anywhere from $0 to approximately $12,000 per
year; people in this category are considered to be
living at or below the poverty level
Diminished purchasing power
Despite standard labels, earning $80,000 annually in
Manhattan would not support a middle class lifestyle. To
Association Show: rent a one-bedroom apartment alone might cost $4,000 a
month ($48,000 a year) in Manhattan, which is over half of
Smart Card Alliance your annual compensation before taxes. CNN Money has
Payments Summit 2017 an excellent tool for comparing the type of compensation
Highlights: The Payments Summit is the premier you would have to make in another locale to sustain the
industry event covering all things payments, lifestyle you enjoy in the city where you currently reside.
including FinTech, EMV chip technology, mobile You can find it at http://money.cnn.com/calculator/pf/cost-of-
wallets, NFC, contactless, open transit systems living/.
and more. Attend the 10th annual Summit and
get the latest on all of these exciting technologies Using this tool, I entered Detroit, the listing closest
and the many business opportunities they can to where I reside. Then I entered Manhattan. I set the
compensation in Detroit at $80,000 and found I would
unlock. need to make $188,954 in Manhattan to maintain the same
2017 will mark the second time that the Smart standard of living I could enjoy on $80,000 in the Detroit
Card Alliance and the International Card Man- metropolitan area.
ufacturing Association (ICMA) are co-locating
events, giving attendees a broader perspective A possible solution
from the core manufacturing and personalization I believe globalization and technology will continue to
of a card, to the rapid evolution in secure pay- fundamentally change our industry, so much so that
ments. many lower level MLSs might eventually be displaced by
When: March 27 - 30, 2017 technology and cheap global labor. Through the Internet,
Where: Renaissance Orlando at Sea World Or- we can communicate with workers across the globe
lando, FL using numerous communication tools – from web-based
Registration: www.scapayments.com/?=20 predictive dialers, to virtual chat rooms, to live web cams.
Given this, why not do away with the traditional brick-
and-mortar sales office and implement virtual teams
across the board?
Next Up and Coming Association Show:
What does an inside sales agent need to perform his or
Electronic Transactions Association (ETA) her job? I believe they just need the following:
TRANSACT17 • A predictive dialer
When: May 10 - 12, 2017 • Sales pipeline/leads and prospecting data
Where: Mandalay bay Las Vegas, Nv
Registration: www.electran.org/conferences-events/ • Information on the products and services being sold
transact-17/ • Direct contact information to sales and underwriting
managers
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