Fantastic points! I totally missed that household part of it and I agree that judging based off household is a really distorted view of individual financial position.
I don’t have any data. My goal was not to provide data but to call out the absurdness of creating statistics for abstract things like household incomes.
To think of household income, think of how you file taxes. You don’t claim roommates in your taxes, theyre not your household. If you and a significant other file jointly, that’s your household.
The stat isn’t as ridiculous as the other person claims
[email protected] posted the definitions used in the census survey above
A household includes the related family members and all the unrelated people, if any, such as lodgers, foster children, wards, or employees who share the housing unit. A person living alone in a housing unit, or a group of unrelated people sharing a housing unit such as partners or roomers, is also counted as a household.
Fantastic points! I totally missed that household part of it and I agree that judging based off household is a really distorted view of individual financial position.
Do you have data on individual incomes?
I don’t have any data. My goal was not to provide data but to call out the absurdness of creating statistics for abstract things like household incomes.
https://fred.stlouisfed.org/series/MEPAINUSA646N
To think of household income, think of how you file taxes. You don’t claim roommates in your taxes, theyre not your household. If you and a significant other file jointly, that’s your household.
The stat isn’t as ridiculous as the other person claims
[email protected] posted the definitions used in the census survey above