[justlurking]

Do you know the difference in a mean and an average? "Mean" is that points where there are just as many above the number as are below it. An "average" is not that.

Uh oh. Rush, you should review high school math. "Mean" is the same as "average": the sum of all data points, divided by the number of data points. You are thinking of "Median".

This is the mean, and the mean income in this country is $51,000. That's why I've always said, "If you earn $50,000 or more, you're in the upper 10%," but that's getting worse. It ought to be trending in the opposite direction.

No, if $51,000 is the median income (which I believe is correct, or at least close), then if you earn more than $51,000, you are in the upper 50%.

[CutePuppy]

"Mean" is the same as "average": the sum of all data points, divided by the number of data points. You are thinking of "Median".

No, if $51,000 is the median income (which I believe is correct, or at least close), then if you earn more than $51,000, you are in the upper 50%.

You are correct on all counts.