On 10/21/11 4:11 AM, Canuck57 wrote:
On 20/10/2011 6:17 PM, JustWait wrote:
On 10/20/2011 8:08 PM, Lil Abner wrote:
On 10/20/2011 8:01 PM, 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.
Where's that from? Last I heard it was in the neighborhood of 54,000.00
a year. That figure was driven up by Wall Street and the Northeast
incomes.

It's a bull**** number, a German/Japanese/labor screwdriver as it were...

Agreed, as it is too politicked with government bull****.

Gross income, how many worked and hours worked -- all uncut without the BS.


I must have missed the post in which you revealed a C.V. indicating an
advanced degree in economics or statistics. Oh, wait...you understand
QuickBooks and you've stayed at a Holiday Inn Express.

On 10/21/2011 3:59 AM, Canuck57 wrote:
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.

It's a fleabagger number for sure...

In article ,
says...

On 10/21/2011 3:59 AM, Canuck57 wrote:
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.

It's a fleabagger number for sure...

Yeah, the income is doing just freakin' great. Thanks to the Republican
senate's stealth vote at 1 a.m. this morning nothing will get done to
help.

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.

The median income is the one in the middle. So, if one person has zero income and another has a
million dollar income, the median is $500,000.

Perhaps they're talking about the 'mean' income?

On Fri, 21 Oct 2011 10:41:27 -0400, John H wrote:

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.

The median income is the one in the middle. So, if one person has zero income and another has a
million dollar income, the median is $500,000.

Perhaps they're talking about the 'mean' income?

Whoops! I just read that and realized my boo-boo! Guess I'll go rake leaves and forget the math
crap.

On Oct 20, 10:13*pm, X ` Man wrote:
On 10/20/11 8:17 PM, JustWait wrote:

On 10/20/2011 8:08 PM, Lil Abner wrote:
On 10/20/2011 8:01 PM, 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.
Where's that from? Last I heard it was in the neighborhood of 54,000.00
a year. That figure was driven up by Wall Street and the Northeast
incomes.

It's a bull**** number, a German/Japanese/labor screwdriver as it were....

As usual, Scotty doesn't know...

The U.S. median *household* income is about $50,000...a number in that
general range. What JPS is reporting is the median income for an
*individual*. Johnston, the source at Reuters, is one of the country's
leading reporters on economic news.

Up here they usually quote an average 'industrial wage'.

On 10/21/11 11:00 AM, North Star wrote:
On Oct 20, 10:13 pm, X ` wrote:
On 10/20/11 8:17 PM, JustWait wrote:

On 10/20/2011 8:08 PM, Lil Abner wrote:
On 10/20/2011 8:01 PM, 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.
Where's that from? Last I heard it was in the neighborhood of 54,000.00
a year. That figure was driven up by Wall Street and the Northeast
incomes.

It's a bull**** number, a German/Japanese/labor screwdriver as it were...

As usual, Scotty doesn't know...

The U.S. median *household* income is about $50,000...a number in that
general range. What JPS is reporting is the median income for an
*individual*. Johnston, the source at Reuters, is one of the country's
leading reporters on economic news.

Up here they usually quote an average 'industrial wage'.


We sent all our "industrial" to slave wages countries.

On Fri, 21 Oct 2011 07:37:57 -0400, X ` Man
wrote:

On 10/21/11 4:11 AM, Canuck57 wrote:
On 20/10/2011 6:17 PM, JustWait wrote:
On 10/20/2011 8:08 PM, Lil Abner wrote:
On 10/20/2011 8:01 PM, 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.
Where's that from? Last I heard it was in the neighborhood of 54,000.00
a year. That figure was driven up by Wall Street and the Northeast
incomes.

It's a bull**** number, a German/Japanese/labor screwdriver as it were...

Agreed, as it is too politicked with government bull****.

Gross income, how many worked and hours worked -- all uncut without the BS.


I must have missed the post in which you revealed a C.V. indicating an
advanced degree in economics or statistics. Oh, wait...you understand
QuickBooks and you've stayed at a Holiday Inn Express.

Damn, caught two northern goobers in one troll.

On Fri, 21 Oct 2011 10:41:27 -0400, John H
wrote:

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.

The median income is the one in the middle. So, if one person has zero income and another has a
million dollar income, the median is $500,000.

Perhaps they're talking about the 'mean' income?

========

The "median" is where half are above and half are below. In your
example the mean and the median are the same.

On Sat, 22 Oct 2011 11:36:33 -0400, Wayne.B wrote:

On Fri, 21 Oct 2011 10:41:27 -0400, John H
wrote:

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.

The median income is the one in the middle. So, if one person has zero income and another has a
million dollar income, the median is $500,000.

Perhaps they're talking about the 'mean' income?

========

The "median" is where half are above and half are below. In your
example the mean and the median are the same.

You must have missed my follow-on comment.