Money: who makes it and how much?

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-- Money: who makes it and how much?

Posted by MrJiveBoJingles on Dec-18-2006 10:21:

Money: who makes it and how much?

code:
Income level (USD)      # of households   % of households
Less than $9,999  	10,067,027  	  9.54%
$10,000 - $14,999 	6,657,228 	  6.31%
$15,000 - $24,999 	13,536,965 	  12.83%
$25,000 - $34,999 	13,519,242 	  12.81%
$35,000 - $49,999 	17,446,272 	  16.53%
$50,000 - $74,999 	20,540,604 	  19.46%
$75,000 - $99,999 	10,799,245 	  10.23%
$100,000 - $149,999 	8,147,826 	  7.72%
$150,000 - $199,999 	2,322,038 	  2.20%
$200,000 and above 	2,502,675 	  2.37%

Those are the figures for income in America from the year 2000 census. Adding up some percentages, I came up with the following table:

code:
Income (USD)    % of households
$      0+:      100.0%
$ 10,000+:      90.46%
$ 15,000+:      84.15%
$ 25,000+:      71.32%
$ 35,000+:      58.51%
$ 50,000+:      41.98%
$ 75,000+:      22.52%
$100,000+:      12.29%
$150,000+:       4.57%
$200,000+:       2.37%

It shows what percentage of American households make above a given amount ($10,000, $15,000, etc.). An interesting sociological fact is that nearly all people in America, from blue-collar workers just scraping by to wealthy businessmen and lawyers in expensive subdivisions with fancy cars, will refer to themselves as "middle class" if asked.

Since at least 2001 in America, incomes have been trending back downward toward where they were in 1990, causing the bottom income brackets to expand; that trend may have reversed itself by 2006: it's unclear so far.

What are income brackets like where you live? Is there a lot of "upward mobility" or are things pretty stratified? Do you come into contact with lots of people of various income groups? Do you ever think about this sort of thing?

Posted by MrJiveBoJingles on Dec-18-2006 10:30:

And here is a nifty chart that presents the same information as the first table:

Posted by D-res on Dec-18-2006 12:00:

woohoo! fun with microsoft excel!

which is an incredibly boring program I might add, minus the easter egg flying game in the old version.

But, tbh those are pretty interesting statistics. Good to know I'm not the only one who would read about something like this...

Posted by Lilith on Dec-18-2006 12:31:

Least in Australia the comfortable middle-class seems to fall in the 50-75k bracket, upper middle in the 75-100k.
Whats the definition of 'middle class' in the US? Inside the metropolitan areas at least here the -45k crowd tend to be falling into the people that are doing it harder than most and around the -35k and under are doing it tough. Outside the metropolitan areas the rent is a lot cheaper as is a lot of the living expenses, though accordingly the wages also tend to be a bit lower for similar occupations.

Posted by EarnYourKeep on Dec-18-2006 12:41:

quote:
Originally posted by D-res
woohoo! fun with microsoft excel!

which is an incredibly boring program I might add, minus the easter egg flying game in the old version.

But, tbh those are pretty interesting statistics. Good to know I'm not the only one who would read about something like this...

actually excel is a pretty damned powerful program in its right! can handle up to 65,000 rows and has some nice form references (in VB) that you can include in it. I've made some sales applications for daily sales extracts from a larger oracle system which gives just the basics each reps need without having to hash through the other crap in our oracle reports.

I'm a huge fan of VLOOKUP as well, especially if you have sheets and sheets of data.

Posted by D-res on Dec-18-2006 12:48:

quote:
Originally posted by kid nyce
actually excel is a pretty damned powerful program in its right! can handle up to 65,000 rows and has some nice form references (in VB) that you can include in it. I've made some sales applications for daily sales extracts from a larger oracle system which gives just the basics each reps need without having to hash through the other crap in our oracle reports.

I'm a huge fan of VLOOKUP as well, especially if you have sheets and sheets of data.

It's no doubt powerful, but boring nonetheless. I can't imagine you waking up and saying, "Jeez I wish I could do another sales application in Excel today like I did that one time!"

Posted by EarnYourKeep on Dec-18-2006 13:47:

quote:
Originally posted by D-res
It's no doubt powerful, but boring nonetheless. I can't imagine you waking up and saying, "Jeez I wish I could do another sales application in Excel today like I did that one time!"

actually i think that before i go to sleep LOL

all kidding aside, i guess it's kinda dry when you have no use for it but as an analyst, it's like my pocket protector with built in calculator lol and even more so since i have a decent technical background, i can afford to use the application to it's potential.

then again, you're right, i don't wake up thinking that...more along the lines of why the fuck is the alarm ringing so early!

Posted by EarnYourKeep on Dec-18-2006 13:53:

quote:
Originally posted by Lilith
Least in Australia the comfortable middle-class seems to fall in the 50-75k bracket, upper middle in the 75-100k.
Whats the definition of 'middle class' in the US? Inside the metropolitan areas at least here the -45k crowd tend to be falling into the people that are doing it harder than most and around the -35k and under are doing it tough. Outside the metropolitan areas the rent is a lot cheaper as is a lot of the living expenses, though accordingly the wages also tend to be a bit lower for similar occupations.

I think anyone living in NYC, LA, Chicago, or a heavily populated city with a decent professional career can net the same salary (if not more) in a less metropolitan area such as Arizona. Although the living expenses may be significantly lower than say living in NYC, you'd still be earning the same salary.

I've been applying to regional states (close to the mountains so i can board) for positions in reputable companies that have paid MORE for business professionals to relocate out of their big city and into a less populated state. I've heard salaries sky rocket for the same work commitments minus the high living expenses of a big city.

Either way 28% bracket

Posted by _Nut_ on Dec-18-2006 14:11:

quote:
Originally posted by kid nyce
actually excel is a pretty damned powerful program in its right! can handle up to 65,000 rows and has some nice form references (in VB) that you can include in it. I've made some sales applications for daily sales extracts from a larger oracle system which gives just the basics each reps need without having to hash through the other crap in our oracle reports.

I'm a huge fan of VLOOKUP as well, especially if you have sheets and sheets of data.

Powerful indeed..but the 65k restriction is a huge weakness IMO. Thankfully that will be upgraded to just over a million in M$office 2007.

Woot.

VLOOKUP is great but I find I use the text to columns and CONCATENATE feature more than anything. Plus a few designed macros.