Laeserin @Laeserin - 8mo
If your household has 6-figure income, but is still on a tight budget, this is why. $100k merely puts you in the upper-half, not the upper-class. #economics #inflation
$200k is not even top 10%. Geez.
This is from the 2023 Census data. Checked the sources. It's real. πππ
Median used to be around $50k, then. It's $30k higher, now.
From that report: https://i.nostr.build/JUo5HH3QYgCbdCwS.jpg
Yeah, real incomes are sliding behind.
Married people still winning.
4 people with β¬100k is only β¬25k/person. If it's five people, then that is β¬20k.
It's total income before taxes. Welfare transfers, retirement, etc. is included. And it's per household, not per person. Most people don't live alone and most households have multiple sources of income.
Yes, but after-tax income would be too, since taxes are highly progressive.
We're "only" middle class, but we've worked really hard to cut living costs and live below our means, so we have savings. Which is nice.
I am. We finally moved into our own apartment and I started my new job. π
We're top 25%, but we're 4 adults, so it feels like less. The data doesn't tell you how many people are splitting that income.
Good grief. Federal employee incomes.
Yeah. And lots of them also receive military officers' pensions or their spouse has a similar income. Easily over $300k. https://www.opm.gov/policy-data-oversight/pay-leave/salaries-wages/salary-tables/pdf/2024/DCB.pdf
That's just the top of the normal scale. There's the SES level in top of that.
They put the median right in the middle and then cut the cohorts bigger, as you go up, to reflect the larger span in the two halves. Okay, so it's econo-art, but still interesting. π€·π»ββοΈπ
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The data is also guestimates, with the Asian set too small, but not worse than most.
Most of my American relatives are Feds. We're the poor German relations. π
