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"Ask people what level of income would make them poor and they tend to come up with a number that's relative to their income. In the U.S., people are surveyed a
by kanyethegreat 11y ago
"Ask people what level of income would make them poor and they tend to come up with a number that's relative to their income. In the U.S., people are surveyed as to the amount of income necessary for a family of four to "get along." In 1950, the answer was $48 a week (PDF), or around 75 percent of household mean income that year. More than half a century later in 2007, the average answer was $1,000 a week—or around 77 percent of mean income."
Shouldn't they be using the median income since it's more resistant to outliers? Or did they just disregard the outliers?