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59k is an average household income and average households have 2.5 people, which is likely two incomes (over 60% of households). That becomes closer to somethi
by evilduck 8y ago
59k is an average household income and average households have 2.5 people, which is likely two incomes (over 60% of households).
That becomes closer to something like 33 years, which nudges close to the boundaries of most people's entire working life.
edit: national average wage index for 2016 was 48,642, so I guess for a working individual thats about 20 years then.
- Simon_says 8y agoThe only thing I'm getting out of this is that the average person who saves modestly and invests can accumulate significantly more than a million bucks in a normal working career. None of which is relevant to my original point of the worthlessness of this particular metric.