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Politics : Actual left/right wing discussion

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From: TimF	5/22/2007 1:51:05 PM
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Attention teenagers: you're going to be poor According to Chuck: American teens confidently predict a future in which, based on the career that interests them most, they will be earning an average annual salary of $145,500 (boys expect $173,000 vs. girls, $114,200). The reality: Only five percent of the U.S. population currently earns a six-figure income(i), and the average national wage stands at approximately $40,000(ii). Adults need to tell kids the truth, that they will probably only make $40K per year, so they don't do something stupid like rack up a lot of debt as soon as they turn 18 in anticipation of future earnings that will likely never materialize. (Hat tip: 2blowhards.) This reminds me of the Time Magazine survey done for the 2000 election which "revealed that 19 percent of Americans believe that they have incomes in the top 1 percent, and a further 20 percent believe they will someday." (Source: New York Times: On Target and Off in 2002.) halfsigma.com My comment - I wouldn't call $40K in an area with average cost of living "poor".

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