American wealth distribution - is this a problem

[Steroid_Virgin]

This argument has been seriously flawed from the get go. There is no such thing as "median" across such a diverse base at the united states.. that number is very deceptive, because not all areas have the same cost of living..

80K in NYC = jack shit
80K in Sarasota FL = set for life

If you really wanted a true median, you would have to do it regionally with each region weighted with it's own COL adjustment. Then you could collate it...

Just like they adjust the CPI for inflation.

 

[Fonz]

This argument has been seriously flawed from the get go. There is no such thing as "median" across such a diverse base at the united states.. that number is very deceptive, because not all areas have the same cost of living..

80K in NYC = jack shit
80K in Sarasota FL = set for life

If you really wanted a true median, you would have to do it regionally with each region weighted with it's own COL adjustment. Then you could collate it...

Just like they adjust the CPI for inflation.

Good point SV.

I got a job offer in the UK for 70,000 ounds($110K), and in London
that is nothing.

With $110K I could live quite well in Madrid.

(Just giving your example a more international perspective)

Fonz

 

[underoos]

dude... back when i lived in "trailer town" $27K went a hella long way towards my strippers and beer, k?

 

[flex123]

an Unequal distribution of wealth is efficent for an economy. If it was equal there would be no incentives.
Where a Capitalist country that makesmoney on knowledge. If you want equal wealth distribution goto a communist country.

 

[BangedUp]

Bottom 20% has actually gotten poorer in the last 20 years in terms of 1998 dollars.

Could you please supply a link to the evidence that supports this contention.

 

[spongebob]

Why don't we just start eating the bottom 50%? That would free up some cash, though the farmers probably wouldn't like it.

thats what farming subsidies are for.

 

[spongebob]

We've heard a lot of it before but it is worth hearing again.

Top 10% = annual income of $81,000 per year.
Top1% = annual income of 290,000
Top .1% = annual income of $790,000

13,000 richest families earn as much as the poorest 20million.

Bottom 20% has actually gotten poorer in the last 20 years in terms of 1998 dollars.

Median household income is $41000 per yaer. 50% of Americans earn under $26,000 per year.

What does this mean to you? To all of us?

if you ask me i'll tell ya im in the bottom percent cause i hide my monies in a shoe box in the back yard.








seriously, im easily in the top 10% and i dont even feel well-off. it amazes me that 50% make below 26K/yr. how can you live, it must be a meager existence. house note, car notes, insurance, taxes, lunch money, utility bills, groceries, daycare, kids activities, birthdays, x-mas, beer money, credit cards, vacations, etc. etc.....

 

[BronzedGoddess]

You know who makes 26K a year? Try your lower enlisted military. lazy, doubtful. indigent, maybe....... A lot of the times if the couple has children it's more cost effective for the non-service member to stay home than work. Most military posts/bases are in small shitty ass towns with no economy other than what the military brings. Sorry this just hit a nerve......

 

[Fonz]

You know who makes 26K a year? Try your lower enlisted military. lazy, doubtful. indigent, maybe....... A lot of the times if the couple has children it's more cost effective for the non-service member to stay home than work. Most military posts/bases are in small shitty ass towns with no economy other than what the military brings. Sorry this just hit a nerve......

Mlitary brat?

Damn, its hard to type on ths damn ambien...Justy so out of it right now.

Sorryub for deplorable grammar.

Fonz

 

[BronzedGoddess]

Nope not a military brat. Both my husband and myself were in the military. Glad to see the ambien is working.