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To: Marko413
What shocked me the most is that they say the average income per household is $62,000.

What shocks me is that CNN would use a nonsensical statistic like "average income" at all. They should have used "median" income.

The old story is that four men each making $50,000 are on a bus. Bill Gates gets on and the average income goes up to $2 million. The median income, however, is still $50,000.

9 posted on 03/21/2012 7:41:36 AM PDT by BfloGuy (The final outcome of the credit expansion is general impoverishment.)
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To: BfloGuy

Also, we are talking about household income, not individual income.


10 posted on 03/21/2012 7:43:13 AM PDT by wolfman23601
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