Yeah, people always seem to forget that it’s about what you can purchase, not the $ amount. Similar to living in a city vs a rural area, the cost of food/housing varies widely even in the same country.
How much money do you think the median American takes home these days with cost of living and suppressed wages? -2000 in credit card debt once the budget gets tallied?
Umm do you want to break those numbers down for the bottom 75% or earners? Or the median? I believe that is just the billionaire holding up the statistic that the Fed is presenting. Also, those numbers were in billions representing the whole country not an individual in thousands……
I’d expect the Chinese numbers to be way more skewed than the US ones. Too bad we can’t rely on their statistics.
Either way, both numbers are for the average. The US one is for September, when it was still reliable; the Chinese one is certainly a gross overestimation, but for December, and we don’t know if it moved up or down from there yet.
So, in average they had 5k dollars to spend on everything that isn’t food and rent… And you are proposing they are rich?
When you can get a fucking delicious and nutritious bowl of noodles and vegetables for 5 yuan or a metro/bus ride for 3 yuan in the USA let me know.
Yeah, people always seem to forget that it’s about what you can purchase, not the $ amount. Similar to living in a city vs a rural area, the cost of food/housing varies widely even in the same country.
They take yuan in the USA now??? Opens my Bank of America app
Truly you are part of the 1%
How much money do you think the median American takes home these days with cost of living and suppressed wages? -2000 in credit card debt once the budget gets tallied?
23k dollars:
https://fred.stlouisfed.org/series/DSPI
Umm do you want to break those numbers down for the bottom 75% or earners? Or the median? I believe that is just the billionaire holding up the statistic that the Fed is presenting. Also, those numbers were in billions representing the whole country not an individual in thousands……
I’d expect the Chinese numbers to be way more skewed than the US ones. Too bad we can’t rely on their statistics.
Either way, both numbers are for the average. The US one is for September, when it was still reliable; the Chinese one is certainly a gross overestimation, but for December, and we don’t know if it moved up or down from there yet.