Re: $85,000 Average Income - Are They Kidding?
Let's remember how the math can skew things:
7 households make 50K
2 make 60K
5 make 75K
2 make 400K (remember it is income from work, pensions, govt. and more importantly investments)
The average is 88K but the MEDIAN is 60K.
The median is looked at more by people making business decisions that determine what type of stores to open etc.
The high numbers of a few can really skew the average.
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