The median income for Americans is about $50,000. Thus…
Question: Is $100,000 middle income?
Answer: No, middle income is $200,000 to $250,000 and less.
The question was being asked by George Stephanopoulos and answered by Mitt Romney.
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Links to books and other items on this page and elsewhere on Greg Ladens' blog may send you to Amazon, where I am a registered affiliate. As an Amazon Associate I earn from qualifying purchases, which helps to fund this site.
Why I’m not surprised from the ignorant arrogance of Romney?
Regards,
Mauro.
This isn’t even a mean/median mistake. Mean income is still under $75k.
I can’t even make sense of his answer. It seems completely nonsensical to me.
In the range of 200K-250K…and less? Am I just reading it weird?
I think he took a rough stab at estimating the number, came up with the nearest one million dollars, figured that was a little high, so he cut it down a bit. So, it is an accurate estimate, rounded up to the nearest quarter mil.
Wow. I should’ve tried that in college.
Tamino has a graph of it up. Hilarious, you should link it Greg. And share it all across the interwebs.