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Putin offers to pay off debts as recruitment tool in war against Ukraine
Fox News ^ | 12/30/2024 | Greg Wehner

Posted on 12/31/2024 3:28:29 AM PST by marcusmaximus

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To: BobL
BobL: "So you CHOOSE to discount the data because it’s ‘inconvenient’."

No, not at all.
However, with further looking, I did find the problem -- two different sources with two different definitions of "median income" and two very different results.

The US Census Bureau reports US median household income as $80,610 per year.

The World Population Review reports US median household income as $19,306.
Obviously, they are using different methodologies, likely having to do with the word "household" which could represent three or four people to the US Census Bureau and only one person to the World Population Review.

So, either number could be totally valid, but only one methodology compares directly to Russia's median income, and that is the World Population Review:

  1. $19,306 US median income in 2023 according to WPR
  2. $ 5,504 Russian median income in 2023 according to WPR
  3. US median is 3.5 times Russia's.
  4. This makes Russia's $1.40 eggs cost ~$5 in US terms
BobL: "So you CHOOSE to discount the data because it’s ‘inconvenient’.
Typical of you guys, going back DECADES to perpetuate your lies."

No, but now we can better compare median and mean (average) incomes:

  1. $25,332 US mean (average) income in 2023 according to WPR
  2. $ 5,504 Russian mean (average) income in 2023 according to WPR
  3. US median (average) is 3.5 times Russia's median.
  4. This makes Russia's $1.40 eggs cost ~$5 in US terms
BobL: "By the way, glad the US doesn’t have rich people to distort our data..."

Yes, we do, so we can also compare nominal GDP per capita:

  1. $86,601 US nominal GPP per capita in 2024 according to IMF
  2. $14,953 Russia nominal GPP per capita in 2024 according to IMF
  3. US GDP/capita is 5.8 times Russia's.
  4. This makes Russia's $1.40 eggs cost ~$8.10 in US terms
And, we can also look at PPP GDP per capita comparisons:
  1. $86,601 US PPP GDP per capita in 2024 according to IMF
  2. $47,299 Russia PPP GDP per capita in 2024 according to IMF
  3. US PPP GDP/capita is 1.8 times Russia's.
  4. This makes Russia's $1.40 eggs cost ~$2.60 in US terms
So, if you wish to choose PPP GDP/capita as your unit of measure, then Russians are doing relatively well in their price of a dozen large eggs.
But, if you are looking at nominals, medians & means, then not so much.
41 posted on 01/02/2025 5:19:16 AM PST by BroJoeK (future DDG 134 -- we remember)
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To: BroJoeK

What Kurakhovo doink, Joke?


42 posted on 01/02/2025 7:27:46 AM PST by kiryandil (No one in AZ that voted for Trump voted for Gallego )
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