Rich getting richer, poor getting poorer???

[RMNIXON]

Originally Posted by 7960

actually the rich are getting richer and the poor are getting richer... the gap between them is increasing but that isn't what's important...what's important is that the poor, today, can afford more than the poor of 50 years ago.

That is why liberals like to measure median income so they can tell you the middle class is failing. The upward income at the bottom pushes that number down. The rich help provide much of that income through employment for all those levels, and the tax benefits as documented, but they are the bad guys!

[Pro Street]

Originally Posted by RMNIXON

That is why liberals like to measure median income so they can tell you the middle class is failing. The upward income at the bottom pushes that number down. The rich help provide much of that income through employment for all those levels, and the tax benefits as documented, but they are the bad guys!

you're confusing median with mean

median income is much less skewed than mean income, because outliers don't hold as much weight.

[6SpeedTA95]

Originally Posted by Pro Street

you're confusing median with mean

median income is much less skewed than mean income, because outliers don't hold as much weight.

This is true but in figuring the "mean" they typically throw out only the high numbers...

But I definately agree, median is a far better measure than mean when it comes to incomes of a given economy.