That can’t be right though… 1000 people isn’t nearly enough to drag the average income down 5k BELOW the median income in a nation of over 300 million. It should still be higher due to the long tail on the high side of incomes.
Where x is the remaining average.
X≈66.3k, and that’s excluding the ENTIRE 1% which is over a MILLION people at least, depending on how you count it. America is big.
That can’t be right though… 1000 people isn’t nearly enough to drag the average income down 5k BELOW the median income in a nation of over 300 million. It should still be higher due to the long tail on the high side of incomes.
Proof: Average income in top 1% is 819k https://www.unbiased.com/discover/banking/how-much-income-puts-you-in-the-top-1-5-or-10#:~:text=To be in the top 1%25 of earners%2C you’,earn%20an%20average%20of%20%243%2C312%2C693.
Solve the weighted average:
819 * 0.01 + x*0.99 = 74.5
Where x is the remaining average. X≈66.3k, and that’s excluding the ENTIRE 1% which is over a MILLION people at least, depending on how you count it. America is big.
I guess the lesson here is don’t trust unsourced factual claims in political memes because they are probably just made up
You mean information on an obvious anti-US propaganda community might not be particularly high quality?
Exactly my first thoughts but then I remembered it’s Lemmy. These morons operate on the “trust me, bro” system 🤣
Given the comments in this very thread, that doesn’t appear to be accurate. I only opened this thread because I suspected inaccurate data.
Ackchyually ☝️🤓
🤨 you good?
Judging by their recent comments, no no they are not
Yeesh. They’ve got a struggling mind.