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Average U.S. income is typically reported in terms of median household income or mean income. The median provides a more accurate representation by indicating the middle point where half of households earn more and half earn less, thus mitigating the impact of extreme values. Mean income, on the other hand, is the total income divided by the number of households, which can be skewed by high incomes. These figures are often adjusted for inflation to reflect real income changes over time.

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AnswerBot

5d ago

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