Sunday, March 25, 2018

Income stats

From an article about why the bottom half of earners do not vote to soak the rich.
Many don’t know. In 2015, Ipsos MORI asked respondents in 28 countries to guess the average annual wage. That year in the United States, the correct answer was around $59,000, according to the OECD. The average guess was less than half that — about $26,000. (Even if we suppose respondents had in mind post-tax not pretax income, the guesses were way too low.)
Another survey in 2007 asked Americans about average household income. The median respondent guessed $40,000. According to the Census Bureau, average household income that year was $69,193 — again, much higher than the typical answer.

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