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posted to rec.boats
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First recorded activity by BoatBanter: Jul 2006
Posts: 7,720
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This is the median income?
On Thu, 20 Oct 2011 21:09:06 -0400, wrote:
On Thu, 20 Oct 2011 17:01:43 -0700, jps wrote:
How in the hell can people afford food and cable television let alone
a mortgage? This is the median income?
The median income fell in 2010 for the second year in a row to
$26,364, a 1.2 percent drop from 2009, and the lowest level since
1999, according to David Cay Johnston at Reuters.
The "median income" is the median of everyone, working or not working
in the US over the age of 14. (google it)
Household income is more relevant and that is the median of all
households, working or not working. That comes in at the $54k or
whatever.
I am not sure how they score retirees liquidating their investments,
collecting pensions and collecting Social Security.
I understand but it offers perspective on why it so often requires two
incomes to run a house.
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