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Drewski, I was referring to the chart on Betterthanthealternatives post on pg 160. Take a look at it. It showed the that the AVERAGE income for 90% of Americans is $33k. Average income takes HH income and divides be the number of HH members.OT: Based on what the notes say within the Excel data sheets, the bolded above is incorrect. The income numbers are household, so in your little example, that family would reflect 150K, not 25K. Unless you believe each person in a household always files a separate tax return (which tends to work against a married couple to do so), which is the source for these numbers.....
Not that this is the place to discuss US Wealth and Income inequality, but the record should be corrected.
EDIT TO ADD - Something like 96% of married couples file jointly. So yes, for those 96%, their income number in that statistic would be their household income.
Regardless, it’s a bogus and meaningless statistic. The correct way to look at distribution of wealth is to use household income metrics.