Quote:
Originally Posted by Happydaz
You need to read these articles all the way through. This is yet another of your articles that says that “average” is not accurate. It overstates income and net worth. “Median” is what your articles recommend using. So your example of the “average Joe” at 60 making $85,000 and having $1.2 Million in net worth is not in line with what the middle income people actually make and have. It is much a much lower number and may give credence to other posters who thought that The Villages may becoming too expensive for middle income Americans to afford. Your statistical support for your argument that this is not the case is flawed and inaccurate.
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You're measuring completely different averages. The "average Joe" is not earning an "average income."
"average income" doesn't include people who have NO income. There are lot of people who have no income at all. They are not counted in the "average."
But those people ARE included in "people." So the "average person" is earning a lot less than the "average income," because the average person is in the same group as the people who have no income, but the average income is not.