What % are you?

[Anonymous]

Anonymous wrote:

Anonymous wrote:"Teachers, nurses, firemen, nannies, biologists, editors, reporters, web designers, librarians, daycare workers, social workers even garbage collectors are all useful to society."

society rewards different montary amount to an individual based on his or her skillset and usefullness to the society

Obviously pay is based on supply and demand. Teachers are incredibly valuable but the possible supply of good teachers outstrips the demand so the pay is not that high.

You are not a very good labor economist: supply-demand determines only a part of pay.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:"Teachers, nurses, firemen, nannies, biologists, editors, reporters, web designers, librarians, daycare workers, social workers even garbage collectors are all useful to society."

society rewards different montary amount to an individual based on his or her skillset and usefullness to the society

Obviously pay is based on supply and demand. Teachers are incredibly valuable but the possible supply of good teachers outstrips the demand so the pay is not that high.

You are not a very good labor economist: supply-demand determines only a part of pay.

You are a very good Master of the Obvious. My basic point stands. Do you want to throw in another part of the equation that you think is relevant to the discussion at hand?

[Anonymous]

This thread has officially jumped the shark.

[Anonymous]

Anonymous wrote:This thread has officially jumped the shark.

At what percentage is the shark?

[Anonymous]

SAM2 wrote:Here are a couple recent items on why the rich often feel poor.

http://www.psychologytoday.com/blog/hidden-motives/201103/why-do-the-rich-feel-poor

Such judgments depend on context. .... "Wealthy" compared with what? The relevant context here is the growing gap between the rich and the poor. That makes the poor feel poorer, but it also makes the rich at the bottom end of the spectrum feel poor as well.

http://economix.blogs.nytimes.com/2011/01/11/why-so-many-rich-people-dont-feel-very-rich/

Why don’t people at the 90th percentile of the income distribution feel particularly rich? The answer is simple: because any Americans who are richer than this cohort are so much richer. ... Those in the middle earn a little less than people a few percentiles up from them, whereas those at the top earn a lot less than their counterparts in nearby, higher percentiles. ... In other words, at least in dollar terms, there is much greater inequality at the very top of the income scale than at the bottom or in the middle. ... when evaluating their own incomes, most families are trying to keep up with the Joneses: they envy the wealthier neighbor whose lifestyle they aim to match. And in dollar terms, the rich are falling far shorter of their respective Joneses than the middle-income and lower-income are. ... It is perhaps no wonder, then, that so many people who are statistically rich call themselves “upper middle” or even “middle class.” They are much, much richer than lots of poor people, but also much, much poorer than some very visibly rich people. From their perspective, they truly are in the middle.

If you want to feel rich, I guess the solution is to hang out with people who earn less than you do.

Sure, but most people live incredibly isolated existences in suburbia. They scuttle from house to their cubicle at work, and back again. So the only people they "hang out" with are on television. That's going to give you a skewed perspective. Fortunately more people are moving back into the urban center where you actually have to interact with other human beings. Sometimes even *gasp* poor people.

[Anonymous]

Anonymous wrote:"Teachers, nurses, firemen, nannies, biologists, editors, reporters, web designers, librarians, daycare workers, social workers even garbage collectors are all useful to society."

society rewards different montary amount to an individual based on his or her skillset and usefullness to the society

McScrooge here is hoarding his capital letters.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:"Teachers, nurses, firemen, nannies, biologists, editors, reporters, web designers, librarians, daycare workers, social workers even garbage collectors are all useful to society."

society rewards different montary amount to an individual based on his or her skillset and usefullness to the society

Obviously pay is based on supply and demand. Teachers are incredibly valuable but the possible supply of good teachers outstrips the demand so the pay is not that high.

You are not a very good labor economist: supply-demand determines only a part of pay.

There's only one Miley Cyrus.

[Anonymous]

Whatever...

Does this calculator base it on pure gross income or Adjusted income?

It mentions taxpayers, but whatever back end engine they are running, it would be important if they were using adjusted or gross income.

If they are using adjusted, all of these stats are inflated.

[Anonymous]

Anonymous wrote:Does this calculator base it on pure gross income or Adjusted income?

RTFM

[Anonymous]

Here's an article about how much you have to make to be in the top 1% :

http://money.cnn.com/2011/10/20/news/economy/occupy_wall_street_income/index.htm?source=cnn_bin&hpt=hp_bn5

[Anonymous]

Anonymous wrote:We are 76%. I am pretty disgusted by all the people moaning about how hard it is to live in DC in the 90%+. If you feel that way, I would suggest that you are living above your means and there are plenty of ways to adjust that. Buy a less expensive house in a less desirable neighborhood. Send your child to public school. Buy used cars. And most importantly, stop trying to keep up with your neighbors. Change your social circle.

Don't complain about making that amount of money. I don't complain about our HHI. I feel fortunate to live in city with jobs, free museums, and some of the best public schools in the country. And we make a lot less than you but a lot more than most people in the country, even considering the cost of living here. Between my husband and I we have 5 degrees (2 undergrads, 2 masters, and a doctorate). We just made the decision to go into a field we love (the arts) knowing it wouldn't be financially rewarding, but would be emotionally rewarding.

Grow up. And volunteer (don't just donate money) - maybe you will get a little perspective.

boooo-yaaaaa! I loved the way you just dished that out!

[Anonymous]

Anonymous wrote:

Anonymous wrote:We are 76%. I am pretty disgusted by all the people moaning about how hard it is to live in DC in the 90%+. If you feel that way, I would suggest that you are living above your means and there are plenty of ways to adjust that. Buy a less expensive house in a less desirable neighborhood. Send your child to public school. Buy used cars. And most importantly, stop trying to keep up with your neighbors. Change your social circle.

Don't complain about making that amount of money. I don't complain about our HHI. I feel fortunate to live in city with jobs, free museums, and some of the best public schools in the country. And we make a lot less than you but a lot more than most people in the country, even considering the cost of living here. Between my husband and I we have 5 degrees (2 undergrads, 2 masters, and a doctorate). We just made the decision to go into a field we love (the arts) knowing it wouldn't be financially rewarding, but would be emotionally rewarding.

Grow up. And volunteer (don't just donate money) - maybe you will get a little perspective.

boooo-yaaaaa! I loved the way you just dished that out!

But it rankles if you go into a field for the money that you're not in the top 1%.

[Anonymous]

80% Here

[Anonymous]

95

[Anonymous]

Anonymous wrote:I'm the 76 percenter. ha ha ha I love that I am at the bottom of the DCUM financial pecking order! Damn, there are some rich folk here!

My husband and I have you beat...53%, but we're happy.