11:06 am
Phil
Clearly KT you are not the norm. $400K per year! Hardly the minimum wage. What is average earnings? I should say male and female separately because I bet there's a vast difference.
11:29 am
TallMike
Phil, are you mistaking 401K for $400K per year? In the US, 401K is a common abbreviation for a 401(k) tax-deferred retirement savings plan.
12:52 pm
KnightTime
I can assure you I DO NOT make 400 thousand a year. :). TallMike is correct. I have a 401K - which is an employer sponsored retirement account.
12:56 pm
KnightTime
According to the US Bureau of Labor Statistics - the average yearly earnings in 2017 was $44.4 thousand.
1:06 pm
UnikeTheHunter
Easy enough, with several loners. 16.
1:34 pm
helenkeller
KT - and the median for your stat is what?
1:37 pm
helenkeller
Also, KT's stat does not include the millions who are out of work, who make nothing.
2:19 pm
KnightTime
It is not "my" stat. It is one the US Bureau of Labor Statistics publishes. How they come up with the number - you will have to ask them. I was merely trying to answer a question that Phil posed - not make a political statement and certainly not trying to upset HK.
2:34 pm
sandbox74
What HK is trying to say is that the mean is not always the most reliable number. In the case of salaries, outliers like people with really small wages and those with very large wages distorts the wages of those in the middle. It's kind of like housing prices where the median is more reliable, because it discounts mansions and small bungalows. So, the median or the middle number, when all the wages are ranked from lowest to highest is a more reliable number to look at
3:52 pm
KnightTime
Again - I was merely answering Phil's question not saying that the answer has any political meaning or that there are not other questions with answers that provide more insight.
