1. You're data is wrong.
2. Even if it wasn't wrong (but it is) what does income have to do with net worth.
My real estate value alone has tripled since 2000.
http://www.census.gov/hhes/www/income/histinc/h01ar.html
Please screw up Obama
- Thread starter stock_trad3r
- Start date
1. You're data is wrong.
2. Even if it wasn't wrong (but it is) what does income have to do with net worth.
My real estate value alone has tripled since 2000.
http://www.census.gov/hhes/www/income/histinc/h01ar.html
I am not sure where you got these numbers from but here are some that, imo, are more relevant:
Per Capita Income, US, 1999: $21,587
Per Capita Income, US, 2005: $43,560
Per Capita Income, US, 2006: $44,970
Per Capita Income, US, 2007:$45,793
The first entry is from:
http://quickfacts.census.gov/qfd/states/00000.html
The middle two entries are from:
http://www.finfacts.com/biz10/globalworldincomepercapita.htm
The last entry is from
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2004rank.html
All numbers are (I believe) in current USD.
Inflation for this period (1999 to 2006) has fluctuated between (approximately) 1.5% and 3.4% -- from http://www.miseryindex.us/iRbyyear.asp?StartYear=1999&EndYear=2007
That's not a bad picture, especially in a period of time with dropping tax rates, not bad at all. Don't forget that we have the largest and most technologically powerful economy in the world, at about $14Trillion per year!!
1. Medians aren't means
2. Average per capita income is not household income.
3. Using nonadjusted, nonconstant dollars is dishonest.
And yes, the data are correct.
2. Average per capita income is not household income.
3. Using nonadjusted, nonconstant dollars is dishonest.
And yes, the data are correct.
Why? I state it in my post and let the reader draw their own conclusions. For this reason I posted the inflation rates. You didn't have any such notation or clarification or reference in your post. Anyway, it's hard to get these data, let alone get them the way you want them. Bottom line is, we (Americans) are doing well, cheer up.
Not referencing your data as being inflation adjusted is even more dishonest, eh?
Yannis, per capita income????
America has more millionaire living in it than the rest of the world combined.
If 10 people make an A, and 10 people make an F, what is the per capita GPA of the class??
An even better analogy would be, one person make 1,000,000 dollars, 99 people make 1000 dollars. What is the per capita income of this group?:eek:
Exactly. If Warren Buffet and 10 homeless guys are in a room, the average income of people in the room is a billion dollars.
That's why median is honest and mean is dishonest, non constant dollars is even more dishonest.
That's why median is honest and mean is dishonest, non constant dollars is even more dishonest.
C'mon these numbers are all pretty close, I just don't have the time or inclination to go dig them all up.
Yet, there is a difference here: some of us speak of absolute wealth of the country and some others are stuck on questions of relative wealth. The first is economics for the most part, the second borders on demagoguery.
I just don't want to live in a socialist society, that's all.