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#11
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[ QUOTE ] [ QUOTE ] [ QUOTE ] Sure, there could be problems, and you need to be smart and flexible, but it's simply not the case many people can't get through life on $2 million. [/ QUOTE ] Especially when you consider that most people don't earn $2 million when working their entire lives. [/ QUOTE ] That's not true. The median income in the US is around $45k. That's somewhere around 45 years work to earn $2 million. If you start work at 20 and retire at 65... [/ QUOTE ] this is one of those instances in which a mode is better to get a true average american income than a median because the top earners skew the median so much. so while i know 45k is probably a little more than what most people make, im not sure how much more. [/ QUOTE ] OK, this discussion has already gone too far, but top earners don't skew a median that much. They skew the mean a lot, but not the median. Someone has to be making the most money. It doesn't matter if that number is $1 mil or $25 mil. A mode would not be a good measure of how much money the majority of Americans make. |
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