US Median Household Income
Comments debate the exact figure, significance, and distinctions between median US household and individual incomes, often correcting misconceptions with data sources and highlighting contrasts to tech salaries.
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The median US household income is only about $70k. So it seems this tracks.
That's more than the median income in the US
It's important to note that the number you mention for median income for _households_ which is pretty inaccurate especially for what you describe.People sharing the same living space are counted as in the same household and more people tend to live in the same household when things go bad.Much lower is personal income.https://en.wikipedia.org/wiki/Pers
This is the relevant data:https://www.advisorperspectives.com/dshort/updates/2019/11/2...Median doesn't tell enough of the story for what most of the population is experiencing.
> Those figures you quote (50-80k) are starting right at the median income (around 52[0])Just to emphasize, as I think it might be easy for other readers to overlook: That figure is median household income, which can include multiple earners. Individually, the median income is closer to $30K (https://en.wikipedia.org/wiki/Personal_income_in_the_U
Just to be clear, ~$70k is the median household income. The median individual income is about $50k for full-time employees [1].Of course, this only makes your point even stronger.[1] https://www.bls.gov/news.release/pdf/wkyeng.pdf
Well, that's almost enough to match the median household income in the US ($68k) so you probably don't want to extrapolate too far from what they make.
The median household income in the US is $67k, not 110k.
US household median income is $63k, individual is much lower.
Looking at median income doesn't significantly alter the conclusions.https://en.wikipedia.org/wiki/Median_income