Skip to comments.The Distribution of Income for 2010: Households
Posted on 02/03/2012 10:41:41 AM PST by Sopater
In 2010, the median household income in the United States was $49,445, which was down from the $49,777 that had been recorded in 2009.
Meanwhile, average household income in the U.S. was $67,530 for 2010, which was likewise down from 2009's figure of $67,976.
Both figures for 2010, along with the rest of the cumulative distribution of household income in the United States for 2010, are presented in the following chart, which shows the U.S. household income distribution in terms of percentiles:
(Excerpt) Read more at politicalcalculations.blogspot.com ...
but I'm working on it.
What is not mentioned here is the much more significant decline in buying power. For example, the cost of Thanksgiving dinner was 13% higher this year compared to 2010. Energy and food, both a lot higher and going higher as US wealth is being redistributed out of the country.
Between January and April 2011, the LDS church had to raise the prices around 40% their members were paying for groceries.
That chart proves what I already knew. We’re near the bottom. Not low enough to get “free” government perks but high enough to pay for everyone else’s gimme programs.
I wonder what the distribution would be for all FR members?
I suspect we have many near the bottom, many quite high up, and not so many in the middle.
It’s good to be above average, but to your point costs are higher than in prior years. Energy and healthcare stand out at my consumer level purchasing those products. But they also get the double-whammy of increased expenses to businesses (increase cost = higher consumer prices).
Also to what extent are people feeling more confident anywhere on that chart that their income is more or less secure than in recent years past? Or of gaining employment at all? I think the conditions imposed by Obama on business hurt us on this revenue side as well.
Because they have removed necessities like food and fuel from the cost of living index they would not count it anyway...
Also, costs are higher due to gov’t interference in the market on things like food, drugs, and medical devices, and then the gov’t gives money to the “below average” and “average” groups to help offset some of those costs.
Location is ignored in this. Someone could live very well on $67K in some places in the US, or could barely scrape by in other places. Think Mississippi vs. Manhattan.
Because they have removed necessities like food and fuel from the cost of living index they would not count it anyway...””
Yep, two items everybody must have to survive don’t count. Imagine that!
Check out http://www.shadowstats.com to understand how dishonest our current government inflation indicators are... The measurement system has been repeatedly changed to reduce measured inflation... Which also means that our real rate of growth, inflation adjusted, is negative - meaning that we continue to be in decline in real terms.
One more example of the giant lie that is modern, statist, corporatist, fascist government in the USA. You can get more honest reporting now on “Russia Today” TV than you can get from the MSM. Incredible.
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