Date: Sun, 25 Jun 2006 15:18:48 -0500
From: joetaxpayer 
Subject: Re: Broker or go it alone?
Newsgroups: misc.invest.financial-plan
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	W0GfmiJBjNNopFpmy5VhT8OOnjAgYXQCBlsOGcSDNTVO+30tVQx70A==
	=+xHI



Mark Freeland wrote:

> joetaxpayer wrote:
> 
>>On a similar note, I hear that $45K is the 'average' family income.
>>Well, if Bill Gates is making $1B/yr (I pull this number out of my
>>hat), he could stand in a room with 100,000 families making $35,000 and
>>there's your $45K average. More realistic is to say that for every
>>family making $250K, you need to find 20 families at $35K to get that
>>average. Logic tells me that the typical family is likely getting by on
>>$25-$35K when the average is $45k.....
> 
> 
> The median (not mean) average US household income is about $45K:
> 
> "Median household income was $44,389 in 2004, unchanged from 2003 in
> real terms."
> http://www.whitehouse.gov/fsbr/income.html
> 

Mark, thanks for setting me straight.
In fact, a google finds me;

"From 2001 to 2004, average family income fell 2.3%, to an 
inflation-adjusted $70,700 from $72,400 in the 1998-2001 period. By 
contrast, from 1998 to 2001, average income jumped 17.3%. Median income 
— the midpoint of the income range — rose 1.6% to $43,200."

which echoes your reply, and quotes the lesser quoted average of $70K+

Thank-you again for your reply and the link.
JOE