Average because 1% own half the wealth, average has nothing to do with normal people. You need median. Many people don’t even make 5k per month before taxes.
Those figures won’t be that far apart. It will somewhat, because higher incomes will have a bigger house and more luxurious car. However, they’re putting more of their money into investments, not cost of living.
And I’ll reiterate, that’s the average for one person, not a family.
I’m having trouble finding a reference to median US living expenses, but you can cut the above number in half if you like. Multiplying it for a family of four won’t necessarily be 4x, but it’ll be more than 2x.
Average because 1% own half the wealth, average has nothing to do with normal people. You need median. Many people don’t even make 5k per month before taxes.
Those figures won’t be that far apart. It will somewhat, because higher incomes will have a bigger house and more luxurious car. However, they’re putting more of their money into investments, not cost of living.
And I’ll reiterate, that’s the average for one person, not a family.
With 1% owning half the wealth, you are claiming average and median aren’t far apart?!
I’m having trouble finding a reference to median US living expenses, but you can cut the above number in half if you like. Multiplying it for a family of four won’t necessarily be 4x, but it’ll be more than 2x.