/biz/ - Business & Finance

>>53591126
This is retarded

>>53591482
Why?

>>53591126
Explains why there aren’t mass riots due to inflation. Everyone can afford it.

>>53591126
Bullshit. The average income is laughably low

>Per capita income in past 12 months ;: $35,189

https://www.census.gov/quickfacts/fact/table/NE/AGE295221

>>53592282
This includes people who don't work, like the massive amount of boomer retirees. People who actually work are paid pretty well.

>>53592268
Yeah, right
See: >>53592282

>>53592282
>>53592292
Cope more chud. The economy is booming and everyone that contributes to the economy is reaping the rewards.

>>53592291
Unemployment is low, you numbnut

>>53592303
Unemployment is calculated as a part of the labor force, not as a part of the total population. The labor force doesn't include retirees, etc.

>>53592300
Dont let the facts hit you in your face

As a tax accountant who sees more than a thousand returns a year, I can comfortably say OP is retarded. 6 figures is highly remote and most high percentile earners swim in transient debt for their businesses. The average wage and average wagie is barely richer than your average vietnamese rice farmer with cost-of-living and inflation factored in, that and their spending habits are atrocious

>>53592282
Per capita income =/= individual income distribution.

Individual income percentiles are found among people with incomes, per capita income is the sum total of all income by the entire population (includes children, retirees, disabled, unemployed etc.)

If you’re working and making only 35k you’re actually near the bottom of the income distribution, not the middle. This isn’t even complicated.

>>53592373
>For the year 2020, the U.S. Census Bureau estimates that the median annual earnings for all workers (aged 15 and over) was $41,535
https://en.wikipedia.org/wiki/Personal_income_in_the_United_States

>>53591126
Average household income is over $100k due to both working. But most people are in debt with student loans, auto loans, mortgages, and cell phone payments. So how wealthy are these people really if the housing market goes under and they lose all that equity?

>>53592397
>U.S. real median household income reached $63,688 in January 2019
https://en.wikipedia.org/wiki/Household_income_in_the_United_States

>>53591126
You are the stupidest person I have ever seen on /biz/ I truly mean that. I work with people's tax returns and the overwhelmingly majority of full time workers I see are making between 28k to 45k. About 10% of the people I meet are making more than that and less than 1/3 of those are making 6 figures.

>>53592362
>>53592441
Oh look, the “everyone makes 9 dollars an hour and can’t afford shoes!” shill shows up with the same scripted response, don’t want people making 50k to know they’re actually poor as fuck huh.

https://dqydj.com/income-by-city/

>>53591126
Meh. Nobody is addressing the elephant in the room which is the investing craze. There's a lot of money just sitting in space being traded on phone apps. If you need money, you sell and pay shit off like bills, car notes, rent, etc. No problem. There's only a small fraction of retards who are trading and aren't paying their rent and are just biding time until they are legally removed off premises or leveraging with way more than they can afford to fuck with. This is also why there is inflation because there's a mass influx of investing and not enough economic spending on material goods, especially on the congested tech market. Cheaper bundling of goods and services is the only way any corporation is going to succeed from hereon

>>53592469
For the year 2020, the U.S. Census Bureau estimates that the median annual earnings for all workers (aged 15 and over) was $41,535
https://en.wikipedia.org/wiki/Personal_income_in_the_United_States

>>53592507
>According to the U.S. Bureau of Labor Statistics (BLS), the median weekly income (including overtime, commission and tips) for full-time workers (excluding those who are self-employed) in America was $1,041 as of the second quarter of 2022. If that rate persists for the entire year, that would equal $54,132 a year.

https://www.firstrepublic.com/insights-education/how-much-does-the-average-american-make

>>53592551
Is it before or after taxes?

>>53592551
>lets exclude everyone I dont like and then I still only get to 50k

>>53592597
Your point being? For most jobs, 50k makes sense. Most people just aren't that useful to society, sorry.

>>53592597
If you’re working full time and making 50k you’re average, not doing amazing, literally just average or probably below.

>>53592693
>>53592621
Which one of you two niggers is OP?

>>53592507
>just trust the government goy

>>53592714
I am

>>53592551
>NH has higher median income than MA

yeah im average

i could push myself to make more but i have an easy job with good hours (fri-sun off) and bought a house already so it is what it is

>>53592551
>16-19 year old median income is $31000
So the median for a 16-19 year old is working 2000 hours/year at $15.50/hour?

Yeah that's logical, I believe it lmao

>>53592905
Yes? It’s not 1981 anymore, Target starts their cart pushers at 15 dollars an hour, it’s almost impossible to find a job that even pays minimum wage anymore. The median 20 something makes 50k and is poor because 50k is an absolutely horrible wage in 2023.

>>53592905
I pay 16 year olds $17/hr to basically do nothing

>>53592362
From my experience working in a call center in which I had access to sensitive financial data. I can confirm, most people are broke.

>>53591126
Yes but that is offset by how many of you don't work at all. Losers.

>>53593270
The whole thread is about how its not true and OP is full of shit

>>53592397
It's 70K medium and 63k median.

>>53593168
i hope someone catches you

How much the average worker earns doesn't matter as much as how much the average worker pisses away their income with retarded spending habits and general financial illiteracy.

Even if everyone's income doubled in real value, the distribution of people living paycheck to paycheck is going to basically be the same