Monday, December 05, 2011

Living on the Median Income: We're the 50th Percentile

Does $50,000 a year seem like plenty to live on, or not nearly enough?
If you said somewhere in between, that makes sense because $49,445 is the national household median income, meaning about half of all households live on more than that and half on less. The figure, based on 2010 calculations, was reported in September by the Census Bureau as part of an extensive report on income and poverty.


Comment - most colleges don't produced graduates that make $50,000 a year. I got out MIT with $25,000 with a masters degree for senior software engineer out of school. MIT grads these days are supposed to make $65-75,000 and other better engineering schools.

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