this post was submitted on 02 Jul 2024
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[–] [email protected] 10 points 5 months ago (4 children)

The real median household income in the United States for 2022 was $74,580, which represents a 2.3 percent decline from the 2021 estimate of $76,3301. This figure is based on money income, which is pretax and does not account for the value of in-kind transfers. It’s important to note that this calculation excludes billionaires and focuses on the broader population.

It seems that they are already excluded for some reason.

[–] joostjakob 2 points 5 months ago (2 children)

They are not excluded, it's just the the number of people is used, not the amount of money

[–] [email protected] 2 points 5 months ago (1 children)

Sounds like the median calc is done after billioares are removed

There are only about 1000 of them so not really sure what that does in labour market of 160m lol

[–] joostjakob 5 points 5 months ago

If you use median, removing or not of 1000 people from a pool of millions indeed has zero impact. My guess is that they worded it like that because they assume people don't knownwhat a median is, so they describe the practical effect

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