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Old 06-24-2016, 02:40 PM
 
Location: East Coast of the United States
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Quote:
Originally Posted by NOLA101 View Post
Actually, the U.S. is fairly unusual in that there aren't huge regional economic disparities. There used to be, but not now.
Maryland has a median household income of $70,000. Mississippi has a median household income of $36,900.

Not exactly a trivial difference.
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Old 06-24-2016, 02:43 PM
 
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Quote:
Originally Posted by BigCityDreamer View Post
Maryland has a median household income of $70,000. Mississippi has a median household income of $36,900.

Not exactly a trivial difference.
But very minor compared to historical differences.

New York/Connecticut/Maryland type states used to have 4:1 income gap with Mississippi. Now it's less than 2:1. Mississippi basically has the median income of Germany.
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Old 06-24-2016, 02:45 PM
 
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Quote:
Originally Posted by drro View Post
That's just too bad, I had no idea Connecticut has become just as poor as Mississippi is today. It used to be a fairly nice state.
The exact opposite occurred, but I suspect you knew that.

The wealthier states didn't get poorer, the poorer states got wealthier.
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Old 06-24-2016, 02:48 PM
 
Location: Eindhoven, Netherlands
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Quote:
Originally Posted by NOLA101 View Post
Mississippi basically has the median income of Germany.
Just because the average household in Mississippi is larger than that of Germany.
If you look at per capita income you will see people in Mississippi are a lot less rich than people in Germany.
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Old 06-24-2016, 03:20 PM
 
4,227 posts, read 2,070,663 times
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Quote:
Originally Posted by NOLA101 View Post
But very minor compared to historical differences.

New York/Connecticut/Maryland type states used to have 4:1 income gap with Mississippi. Now it's less than 2:1. Mississippi basically has the median income of Germany.
That's not how you compare wealth.
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Old 06-24-2016, 03:28 PM
 
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Quote:
Originally Posted by Drewjdeg View Post
That's not how you compare wealth.
How would you compare wealth, then?
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Old 06-24-2016, 03:30 PM
 
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Quote:
Originally Posted by Davy-040 View Post
Just because the average household in Mississippi is larger than that of Germany.


If you look at per capita income you will see people in Mississippi are a lot less rich than people in Germany.
None of this is true.

Average household size in Mississippi is only slightly higher than in Germany. 2.5 compared to 2.2. Hardly a major difference. And that doesn't even make any sense. Children don't earn income, so it isn't like having more children artificially makes a household richer.

And per capita income is fairly similar.
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Old 06-24-2016, 03:42 PM
 
Location: Eindhoven, Netherlands
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Quote:
Originally Posted by NOLA101 View Post
None of this is true.
Children don't earn income, so it isn't like having more children artificially makes a household richer.
Some teenagers do and most in their 20's that live with their parents for sure do.
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Old 06-24-2016, 03:45 PM
 
Location: Eindhoven, Netherlands
10,486 posts, read 14,128,136 times
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Quote:
Originally Posted by NOLA101 View Post
And per capita income is fairly similar.
Mississippi's per capita income is just over $20k, Germany's is well over $25k.
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Old 06-24-2016, 03:52 PM
 
Location: Seattle WA, USA
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Also Germany is not equal, east Germany (ex communist country) is a lot poorer than west Germany.

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