I asked Wharton students what they thought the average American worker makes per year and 25% of them thought it was over six figures. One of them thought it was $800k. Really not sure what to make of this (The real number is $45k)
— Nina Strohminger (@NinaStrohminger) January 20, 2022
The best take I saw on this one was a tweet that read something like, "It's an average income, Michael, how much could it be? $800,000?"
(Average income in my town is currently around $25,000, for comparison. Median household income $41, 725.)
Even though I *know* the numbers, and have to update them in my class notes every couple years or so depending on what I'm teaching, I'm always a little shocked at how low it is and how low joint household income is. And I feel guilty because we spend more than the average household income every year, not even including our savings, even back when we were putting off major purchases and I hadn't started buying junk and throwing money at things like I've been doing since the pandemic started.
ReplyDeleteI mean, it explains why those segments of society don't think student loans should be a problem, at least.
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