‘An economic divide that is widening’: Almost one third of Americans earning $150,000 a year or more say they’re living paycheck to paycheck and many rely on credit cards to close the gap

@return2ozma@lemmy.world · 1 year ago

‘An economic divide that is widening’: Almost one third of Americans earning $150,000 a year or more say they’re living paycheck to paycheck and many rely on credit cards to close the gap

prole · edit-2 1 year ago

They use the median instead of mean here for a reason… Can you guess it?

@force@lemmy.world · edit-2 1 year ago

Because mean income is a useless metric in most contexts due to it being extremely warped due to outliers (billionaires) since this country has the worst income inequality in the first world by far…? Do I get a trophy now