College Discussion - View Single Post - Are you part of the Gibson-middle class?

mini · 04-20-2008, 03:15 PM

The median family income in the U.S. is around $53k - with the middle quintile being $43-$67k. The median family income in the New York City area in 2006 was $54.4k. In San Francisco, it was a little higher; in DC lower. A family with this income in Topeka is likely doing okay; in NYC?

Studies indicate that for every doubling of family income from the median, on average assets quadruple. So a family in NYC with a $200k income has assets roughly 8 times the middle.

In other words, Gibson is out of touch with New York City, no less Topeka.

04-20-2008, 03:15 PM	#3
mini Senior Member Join Date: Aug 2004 Location: Olympia, WA Threads: 146 Posts: 7,810	The median family income in the U.S. is around $53k - with the middle quintile being $43-$67k. The median family income in the New York City area in 2006 was $54.4k. In San Francisco, it was a little higher; in DC lower. A family with this income in Topeka is likely doing okay; in NYC? Studies indicate that for every doubling of family income from the median, on average assets quadruple. So a family in NYC with a $200k income has assets roughly 8 times the middle. In other words, Gibson is out of touch with New York City, no less Topeka.