It’s the Arithmetic, Stupid

The median income for Americans is about $50,000. Thus…

Question: Is $100,000 middle income?

Answer: No, middle income is $200,000 to $250,000 and less.

The question was being asked by George Stephanopoulos and answered by Mitt Romney.

source

Comments

  1. #1 Mauro
    Germany
    September 14, 2012

    Why I’m not surprised from the ignorant arrogance of Romney?
    Regards,
    Mauro.

  2. #2 John Moeller
    September 14, 2012

    This isn’t even a mean/median mistake. Mean income is still under $75k.

  3. #3 Drivebyposter
    September 14, 2012

    I can’t even make sense of his answer. It seems completely nonsensical to me.

    In the range of 200K-250K…and less? Am I just reading it weird?

  4. #4 Lonnie Jefferis
    September 15, 2012

    I think he took a rough stab at estimating the number, came up with the nearest one million dollars, figured that was a little high, so he cut it down a bit. So, it is an accurate estimate, rounded up to the nearest quarter mil.

  5. #5 Drivebyposter
    September 15, 2012

    Wow. I should’ve tried that in college.

  6. #6 Ryan
    September 15, 2012

    Tamino has a graph of it up. Hilarious, you should link it Greg. And share it all across the interwebs.

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