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Comment by alistairSH

3 hours ago

Citation? Median earnings is less than that. And median household income is only marginally more.

the U.S. Census Bureau estimates that the median annual earnings for all workers (people aged 15 and over with earnings) was $51,370; and more specifically estimates that median annual earnings for those who worked full-time, year round, was $63,360.

According to the CPS, the median household income was $70,784 in 2021.

https://en.wikipedia.org/wiki/Personal_income_in_the_United_... https://en.wikipedia.org/wiki/Household_income_in_the_United...

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alistairSH

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cwbuilds  3 hours ago

That's income, not disposable income. It's also median, instead of mean. It's also wrong. Median income in the UK is £39,039 which is about $49,500.. You linked to the US Wikipedia page twice.

OECD is the source for disposable income.

US: https://oecd-better-life-index.truth-and-beauty.net/countrie...

UK: https://oecd-better-life-index.truth-and-beauty.net/countrie...

  • alistairSH  1 hour ago

    Yeah, OECD is saying the mean disposable income is the US is almost the same as median household income.

    Either some of the numbers are wrong, or your (OECD’s) use of mean is misleading… the mean of Bezos’ and my disposable incomes is a very large and mostly useless figure.

    • dragonwriter  1 hour ago

      Mean personal disposable income being comparable to median household income isn't too surprising and doesn't necessarily indicate any error. Mean is much higher than median, individual is much lower than household, disposable is much lower than total. You are comparing numbers that are different in all three axes (in ways which do not point in the same direction), so really any relationship between them would be plausible without detailed knowledge of the exact distribution of all the relevant components.