3 ms·
$200k wasn't in the top 5%, even in 2013. Squarely in the top 10%, though. Source: https://www.cbo.gov/publication/51361 https://www.cbo.gov/publication/51361
by wahern 8y ago
$200k wasn't in the top 5%, even in 2013. Squarely in the top 10%, though. Source: https://www.cbo.gov/publication/51361 https://www.cbo.gov/publication/51361
- ejstronge 8y ago> $200k wasn't in the top 5%, even in 2013. Squarely in the top 10%, though. Source: [...] This is incorrect. The source you cite lists the average income by percentile group, which is not the metric one wants - the average income of the top 5% is skewed by the incomes of very high earners. One actually wants the lowest income in a percentile group; the top 5% started at around 197,000 in 2013. Source: pg 16 of the 2013 Census income report https://www2.census.gov/library/publications/2014/demographics/p60-249.pdf https://www2.census.gov/library/publications/2014/demographi...