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Technically, the definition they were using is the top-fifth of income earners. The average income of which was about 150k.
by imgabe 19y ago
Technically, the definition they were using is the top-fifth of income earners. The average income of which was about 150k.
- Goladus 19y agoIt was a somewhat sarcastic reply. Glossing over that detail was for the sake of brevity, I think. Point being that people making $30 million a year are lumped in the same category as people making $150,000. Since this is a study about spending habits, it is an incredibly misleading way to present the statistics. Not only does it hide the behavior of the very top but it skews the results of the rest of the upper fifth (the top 18%-19%).