The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Giordano Bruno who wrote (288418)	11/2/2010 7:15:55 PM
From: Les H	Read Replies (1) of 306849

Social Security Administration Admits To Massive Screw Up On Wage Data: Two People Cause Entire US Income Distribution To Shift Materially in 2009 zerohedge.com As per the revised tables, average incomes of top earners did not quintuple as had been released on October 15 to $519 million, but instead declined by 7.7% to $84 million. Additionally, as Bloomberg which caught the error initially and demanded a correction, notes, a comparison of the Oct. 15 data and the corrected figures show the change affected wage statistics more broadly. The Oct. 15 index indicated that the average wage nationwide fell $384 to $39,269 in 2009. The corrected index shows averages wages fell $598 to $39,055. Am I the only person who feels cheated that those two people didn't earn more?

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