this post was submitted on 03 Sep 2023
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https://www.statista.com/statistics/203183/percentage-distribution-of-household-income-in-the-us/
About 60% of American households cross that threshold. It kinda comes off like you're saying people who make that much are overprivileged.
I suspect his information is out of date, $50k isn't a lot of money but 10 or 20 years ago it was.
Was it? I made that out of college almost 20 years ago. It wasn't what I would call rich
Yes, it was. If it helps, $50K then would be $81K today. The average minimum wage these days across the US is $8.5 an hour, or $17K per year.
So it is... it absolutely is. Even today it is quite a lot to many people.
This chart bothers me because the y-axis is all over the place in terms of range. Sometimes it's $15k range, sometimes it's $30k, sometimes it's $50k. Really skews the data.