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Old 09-12-2018, 09:38 AM
 
Location: Paranoid State
13,046 posts, read 11,501,870 times
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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%
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Old 09-12-2018, 10:04 AM
 
Location: The analog world
17,086 posts, read 10,890,219 times
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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..
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Old 09-12-2018, 10:22 AM
 
744 posts, read 368,899 times
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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...
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Old 09-12-2018, 10:51 AM
 
1,221 posts, read 782,063 times
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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??
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Old 09-12-2018, 11:01 AM
 
83,444 posts, read 80,944,099 times
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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
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