Iceweasel
Diamond Member
The average is meaningless if you include the top income bracket. About half are making $30k or less annually last I heard.No.You consider an income of 100,000 to be "wealthy."
You don't?
For starters, you confuse "income" with "wealth." They arent synonyms.
Second, in a place like NYC 100k wont get you very far. Income taxes will take nearly 60% of that. Cost of living is high. If you send a kid to private school you're pretty much way down the socio economic scale.
Finally just because someone has an income of 100k one year doesnt mean much. I had an income of more than that one year and was in the top 10% of earners. But that was because I sold a building i had owned a long time and had cap gains. The next year I was in the bottom.
I'm not confusing anything. You said "you consider and income of $00,000 to be wealthy". Nothing in there about wealth. The average American income is $52,000. $100,000 is almost twice that. And a survey down here showed that in real terms average incomes are brought UP by the earnings of the wealthy - ie , you take the uber rich's incomes out of the equation and the average income declines markedly.