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> the average income of the top one percent of households in the city averages $3.6 million Great example of why average is a terrible measure, as the top one
by khazhoux 5y ago
> the average income of the top one percent of households in the city averages $3.6 million
Great example of why average is a terrible measure, as the top one percent will include multi-billionaires and centi-millionaires.
- uoaei 5y agoFor context: the top 5% of income starts at about $200k, and top 1% of income starts at about $500k nationwide.