On This Week TV Show A Panel member stated that the median income for white families was 113,000 and 5,000 for black families. I do not believe these stats. Could you please find the correct numbers/
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You SHOULD distrust those numbers. From the US Census Bureau- White families- $54,461 Black Families- $32,584
Hispanic households earn about 74% of the median income for white households in the US.
In 2013, the median family income for white families was about $28,000 more than that of Latino families.
http://www.census.gov/hhes/www/income/histinc/f07ar.html All Families Median Income in 1968 was $8,632 Mean Income was $9,670 Married-Couple Families Median Income in 1968 was $9,144 Mean Income was $10,222 Male Household, no wife present Median Income in 1968 was $7,321 Mean Income was $8,185
Add all together and divide by the number of families....median means average.
The median income in the US in 1977 was $13,570. The median income for 2013 in the US was $51,371.
Median household income, 2008$65,304 In 2008 the median household income of Massachusetts was $65,304.
Median Household Income 1931
African-American families made little more than half of what white families did.
In 1938, the median income for American families was approximately $1,400 per year. This period was marked by the lingering effects of the Great Depression, which had a significant impact on wages and employment. It's important to note that income levels varied widely based on factors such as region, occupation, and demographics.
The median income in third world countries varies greatly depending on the country. Generally, it is much lower than in developed countries, often falling below the poverty line. Factors such as economic instability, lack of infrastructure, and limited access to education contribute to lower median incomes in these regions.
No, the median voter is not always the voter with median income. The median voter theorem suggests that in a majority-rule voting system, the preferences of the median voter will dominate, but this median voter is determined by political preferences and positions rather than income alone. Factors such as ideology, age, education, and other demographic variables can influence who the median voter is, meaning that the income distribution does not directly correlate with political preferences.
What is Jordan's medium income