Median Income Means What?
What does the median income of the nation mean for frugal households? Probably not much. If you’re a frugal consumer then you’re going to be impacted by the rise of income, but averages, no matter what they are, don’t take into account personal habits. The person who has a house, two cars, seven credit cards, four dogs and a partridge in a pear tree that they’re paying for in a median income scenario is not impacted by the median income. They’re impacted by their spending choices. Just remind yourself of this when you find that your income is more or less than the numbers in that article.
The median yearly income for the United States in that article is
48,451.00. Or, in a monthly scenario that’s four thousand thirty-seven dollars a month. Thinking ahead you should be able to maximize your use of that money no matter where you land.
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