There is certainly a disconnect between what your average beltway expert (including congressmen) believe average incomes are and what the actual data says. One writer I enjoy argues that the average congressman doesn’t actually know anybody who makes less than 250,000 a year and they think those people are either average Americans or the ones that count.
Personally, I don’t get it. If I were a politician I would never let the basic income numbers depart from my regular reading, they are too important to policy making.
James Pilant
via jumpstone