4 ms·
I wonder what the typical household looks like in that study. I'm the sole breadwinner for my family of four, and with a mortgage and some school loans, a $7500
by rasbonics 14y ago
I wonder what the typical household looks like in that study. I'm the sole breadwinner for my family of four, and with a mortgage and some school loans, a $75000 salary is barely enough to make ends meet.
- joshkaufman 14y agoI included this study in the second edition of my book, so I have the numbers handy. The study was conducted in 2008-2009. Average household income was $71,500 USD. An annual income of $75,000 USD represented an income in the top third of US households during those years. (Source: http://www.pnas.org/content/107/38/16489.full http://www.pnas.org/content/107/38/16489.full)
- magicalist 14y agoI think it strongly depends on cost of living where you are, mortgage size, etc. The article mentions that the $75,000 is per household, and "About one-third of U.S. households had incomes above $75,000, according to the U.S. Census Bureau's American Community Survey. The average household income was $71,500." That number varies quite a bit based on location within the US, but it's good to be reminded that one person's "barely enough to make ends meet" salary is something that 2/3 of US households don't reach. (I vaguely remember that after that article made the rounds originally, someone posted a link here to an article that adjusted the $75,000 based on cost of living in a long list of different cities to see what number would (theoretically) better apply to you)