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Where do the 42k and 126k numbers come from? Why do they define the middle class. Maybe it varies from page view to page view, but my very first recommended l
by tmuir 11y ago
Where do the 42k and 126k numbers come from? Why do they define the middle class.
Maybe it varies from page view to page view, but my very first recommended link at the bottom of the story had a breakdown of middle class bounds in 30 different cities, and as one would expect, middle class incomes vary widely across those cities.
This article is a perfect example of the meaninglessness of averages in many cases.
- refurb 11y agoThey just took 1/2 of the median and 2x the median as cutoffs. You can argue that's it's arbitrary, but it seems like as good an estimate as any.
- tempestn 11y ago2/3 and 2x actually
- capitalsigma 11y ago(2/3) and 2 * (2/3) = 4/3 i.e. what would be one standard deviation if income was perfeclty evenly distributed
- dikdik 11y agoFor a single person it is 24k to be considered middle class. What?