5 ms·
I always found median income a little bit frustrating in these class and lifestyle discussions. Median income doesn't expose people who don't work because they
by nugget 10y ago
I always found median income a little bit frustrating in these class and lifestyle discussions. Median income doesn't expose people who don't work because they receive passive income nor does it capture wealth very well. Let's say I am working 60 hours/week to bring in $125k and $4k/month of that goes to rent. My neighbor has $2 million in SPY yielding $40k/year and minimal overhead because his parents bought him a house free and clear (and, with no job, he has the free time to exercise, cook his own food, and enjoy a higher quality of life). These are extreme examples (although increasingly more common in SF, LA, and NYC) but demonstrate how median income can be misleading.