Quote from: K-Dog on Mar 19, 2025, 05:59 PMA median wage of 30 an hour at this time if bullshit. Next year if we have Argentinian inflation the median wage could be a lot higher. So far we have not had enough inflation to justify the reality of such an increase.
Average is believable, but not median. Somebody did a switcheroo. Or there is cherry picking. Serious cherry picking.
Due to inflation, the median income is rising, and precisely where it falls doesn't tell us much. You get a better sense of the problem looking at the distribution chart. Most recent I found is from 2023.
The median gets skewed upwards because that last bar actually rises 4X as high as as the next highest bar. This disparity has been steadily increasing since the 70s. You can see the change from this comparative chart.
Using my rule of thumb, practically speaking people in the Investor Class with stock portfolios come from the blue and purple bars in the first chart. For people in the green area, thheir main asset wealth is in real state, the McMansion they live in. Yellow and beige people struggle to meet their bills and have no savings. Mostly renters.
RE