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Saturday, September 02, 2006

Wealth Creating US Economy

For the economy detractors, here is an eye-opening snippet from a new study:

Among households headed by prime age Americans - adults between the ages of 26 and 59 - the median household income is about $63,000. For prime age married households the median income is over $70,000, and it is nearly $80,000 for two-earner prime age households.

They have removed the "households" containing heads of 22-year olds at the beginning of their careers and 70-year olds in retirement mode. Naturally, the young and old are in a different phase of life and work that the group analyzed.

It is not "the rich" with the high incomes. It is just regular people in a particular earning phase of their life. And how about the income for such folks?

1 Comments:

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