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Canuck57[_9_]

On 20/10/2011 7:09 PM, wrote:
On Thu, 20 Oct 2011 17:01:43 -0700, 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)

Well that explains it, so 14 18 year olds in school making nothing
offset the higher incomes.

Including retirees and the like too. Zero rate interest in zero rate
economies don't generate much income on retirement savings people might
have. Or the unemployable crack junkies.

A fleabagger number.

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.

That sounds better.

I am not sure how they score retirees liquidating their investments,
collecting pensions and collecting Social Security.

Bet they consider it income.
--
Socialism is a great ideal as long as someone else pays for it. And when
no one is left to pay for it, they all can share nothing.