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.)
2 comments:
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.
I mean, it explains why those segments of society don't think student loans should be a problem, at least.
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