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In response to "Nationwide median income is a fairly useless measure by any standard. -- nm" by mafic

What's a better national metric of wealth and buying power, then? -- nm

Posted by Strongbad (aka Rambler14) Dec 18 '17, 04:21

(No message)

Responses:

Applying a nationwide median on a local level is stupid. - mafic Dec 18, 04:27
it's kind of irrelevant to the issue at play. Local costs of living make national medians moot. -- nm - Reagen Dec 18, 04:24 19
- Seeing that we are discussing federal income tax changes, I think it's very appropriate to consider national measures of wealth and income. -- nm - Strongbad Dec 18, 04:28 18
  - Sure, so making $60k in rural Louisiana and NYC is exactly the same then. -- nm - mafic Dec 18, 04:29 17
    - If you’re applying median income across the board that’s what you’re saying, that local circumstance doesn’t matter, only average. -- nm - mafic Dec 18, 04:59
    - ...which is something I've never stated, but keep going. -- nm - Strongbad Dec 18, 04:32 15
      - ...but that's what gets assumed when you use national measure of wealth and income. - Inigo Dec 18, 04:36 14
        
        Completely disagree. - Strongbad Dec 18, 04:45 13
        
        I don't think you truly understand how cost of living works, then. -- nm - Inigo Dec 18, 04:48 12
        
        I refuse to define "middle class" on a sliding scale from state to state, or district to district - Strongbad Dec 18, 05:02 3
        
        You're wrong. I've lived it. -- nm - CQ Dec 18, 05:07 1
        
        I've lived it too. - Strongbad Dec 18, 05:23
        
        But tons of people live in those cities and areas, like millions and stuff. -- (edited) - Inigo Dec 18, 05:06
        
        I think his point is 60k is different place to place, but 750k isn't. I tend to agree. - volnelk Dec 18, 04:54 7
        
        With cost of living, the wages are much higher, and the cost of everything is higher. - Inigo Dec 18, 05:00 5
        
        I get it. The point is that it's difficult to compare people from the two markets as the same. - volnelk Dec 18, 05:25 4
        
        Which with your example inside that might make the one Ohio person lower middle class while the LA person might be upper middle. -- (edited) - Inigo Dec 18, 05:29
        
        they may or may not. In my Halifax/Vancouver comparison, we'd be spending most of our available income on housing with no room for vacations - Reagen Dec 18, 05:28
        
        Thank you for explaining this better than I am. -- nm - Strongbad Dec 18, 05:26 1
        
        Even if I do accept your premise (which I do not - two can play at this game, wheeee!) - Reagen Dec 18, 05:30
        
        but choices are driven by location. - Reagen Dec 18, 04:59

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