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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 387.40

+0.5%

Dec 9 4:00 PM EST

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To: Cogito Ergo Sum who wrote (81478)	10/16/2011 2:40:04 PM
From: Ilaine	Read Replies (2) of 218343

Mother Jones is pulling a fast one, by lumping in every decile below top 10%, e.g, every level from 89% on down, from someone earning $164,646 to someone earning zero, and averaging that. Just as useless a statistic as taking income from everybody including Bill Gates and Warren Buffet to a 100 year old on a ventilator in a nursing home and averaging THAT. The most useful tool for looking at US income levels comes from looking at the median, not the mean. Median is more likely to throw out the outliers like Gates and Buffet. Wikipedia has a good article on median household income. en.wikipedia.org

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