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> $50k is not even the average annual income in this country; You really should refresh your statistics. Average means absolutely nothing if you don't take int
by rualca 6y ago
> $50k is not even the average annual income in this country;
You really should refresh your statistics. Average means absolutely nothing if you don't take into account how uneven the income distribution is, specially in the US where income inequality reached abismal levels.
To focus on the facts, the median household income in the US is close to $63k. Note it's median, not average, and note it's household income, and not anual income.
That means that in half of US households you still get a household income lower than those $63k even if you add two incomes. That's how half of the US population lives.
- bsanr 6y ago>[...] if you don't take into account how uneven the income distribution is, specially in the US where income inequality reached abismal levels. I did, which is precisely why I used that figure in the first place. I made the (evidently correct) assumption that most people would know that the median income is lower than $50k and the average. Grandparent's "barely rich" figure doesn't even hit the (high-earner overburdened) average, yet is higher than the income the median earner brings home. It's damning and inappropriate from two angles, which brings into question his entire argument.