Replying to Avatar Laeserin

If your household has 6-figure income, but is still on a tight budget, this is why.

$100k merely puts you in the upper-half, not the upper-class.

#economics #inflation
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Josua Schmid 1y ago

I don’t like this graph. It’s almost useless.

The cohort spans are weirdly sized (10k, 25k, 50k). And the coin stack is being abused for graphical effect, simply unrelated to how much money the cake is made of.

This trap is called “glass slipper” on callingbullshit.org https://m.youtube.com/watch?v=59teS0SUHtI

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Laeserin 1y ago

They put the median right in the middle and then cut the cohorts bigger, as you go up, to reflect the larger span in the two halves.

Okay, so it's econo-art, but still interesting. 🤷🏻‍♀️😂

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Laeserin 1y ago

The data is also guestimates, with the Asian set too small, but not worse than most.

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Josua Schmid 1y ago

I yhink the median is right. It’s at 50% of people.