According to the World Almanac 2011, in 2009 the average weekly wage in the US was $942. That makes $48,984 for a 52-week year.
Obviously there are a lot of unemployed and under-employed people, as well as retired people, but for the average wage to be just under $50,000 means that making $50,000 puts you in the top 10% of wage earners.
I meant to say that if the average wage is just under $50,000, it can't be true that making $50,000 puts you in the top 10% of wage earners.
“but for the average wage to be just under $50,000 means that making $50,000 puts you in the top 10% of wage earners.”
Ok, I’m confused...