U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
Old 09-12-2018, 09:38 AM
 
Location: Paranoid State
12,685 posts, read 9,425,981 times
Reputation: 14933

Advertisements

US household incomes rose again in 2017, according to Census Bureau figures released Wednesday showing more Americans are benefiting from the strong economy.

Median household income increased to $61,372 last year, up 1.8% (inflation adjusted).

The poverty rate went down 0.4%
Reply With Quote Quick reply to this message

 
Old 09-12-2018, 10:04 AM
 
Location: The analog world
15,572 posts, read 8,742,257 times
Reputation: 20900
Median can be misleading. I'd like to see a more complete statistical analysis, which I wager will show a small number at the top whose household income is rising exponentially, mostly due to investments, and a lot more people at the bottom whose salaries are not even keeping pace with the COL.

Last edited by randomparent; 09-12-2018 at 10:14 AM..
Reply With Quote Quick reply to this message
 
Old 09-12-2018, 10:22 AM
 
381 posts, read 147,985 times
Reputation: 870
Quote:
Originally Posted by randomparent View Post
Median can be misleading. I'd like to see a more complete statistical analysis, which I wager will show a small number at the top whose household income is rising exponentially, mostly due to investments, and a lot more people at the bottom whose salaries are not even keeping pace with the COL.
Agreed

More details like this would be more appreciate:
-7% earned below 20,000
-12% earned between 20,001 - 40,000

etc...
Reply With Quote Quick reply to this message
 
Old 09-12-2018, 10:51 AM
 
426 posts, read 176,878 times
Reputation: 645
If you have your head in the oven and your feet in a bucket of ice, your belly is the median, so overall you feel OK??
Reply With Quote Quick reply to this message
 
Old 09-12-2018, 11:01 AM
 
64,577 posts, read 66,129,695 times
Reputation: 43003
Quote:
Originally Posted by randomparent View Post
Median can be misleading. I'd like to see a more complete statistical analysis, which I wager will show a small number at the top whose household income is rising exponentially, mostly due to investments, and a lot more people at the bottom whose salaries are not even keeping pace with the COL.
not only that , there is no more financial census . there is only the acs survey which takes some random samplings .they stopped the financial census part of the census a long time ago
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top