Socialist Security #1

Max Sawicky sawicky at
Fri Jul 24 07:21:10 PDT 1998

George Will came out with a statistic in his column recently where he was talking about how prosperous everyone is, that the average household income is about $55,000, which seemed super high. There must be a large gap between that and the median. The average house price in the Seattle

Median is near or under $40K.

Don't forget income is a broader concept than earnings, household is broader than family, and family is broader than individual.

The typical family has less income today than it did at The previous business cycle peak during the reign of Bush. The last few years have improved incomes But not enough to restore previous levels.


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