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What quintile do you think the median salary is in? Hint: it’s not the bottom one. The bottom quintile of US households made anywhere between $0 and $25,600 in
by ashtonkem 5y ago
What quintile do you think the median salary is in? Hint: it’s not the bottom one.
The bottom quintile of US households made anywhere between $0 and $25,600 in 2018, with the mean being $13,258. All of these numbers are well outside “global 1%” range you quoted.
And that’s before we begin to adjust for cost of living, because you can’t just compare income without considering the cost of food, housing, health care, and transit.