Comment by segmondy
4 months ago
Everyone outside the US doesn't deal with USD. Your comment is bonkers. Read up on purchasing power. All locations are not equal.
4 months ago
Everyone outside the US doesn't deal with USD. Your comment is bonkers. Read up on purchasing power. All locations are not equal.
The traditional definition of high income starts at 2x the median. Looking the US as a whole, anything above $125k should be considered high income. But it doesn't feel like that, because median wages are unusually low in the US relative to mean wages. Upper middle class salaries, on the other hand, have grown very high, and they have distorted people's perceptions. Even now, we are debating whether almost 5x the median should be considered high income.
The us has an enormous per capita gdp for that large a country