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Bill O'Reilly: Are You Poor?

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Bill O'Reilly: Are You Poor?

Post by Guest on Fri Sep 16, 2011 9:41 am


The folks are getting hosed. According to the American Debt Advisor outfit, 80% of us now owe money to creditors. If you exclude mortgages and car payments, 50% of us are in debt. And that's why the economy is having so much trouble. Consumers have to be very careful what they buy, or they risk sinking into insolvency.

Some pundits place the blame on unemployment, currently just over 9%. But that's not what is driving debt. Taxation is.

The mean salary in America is just about $50,000. But if you live in Los Angles, Boston, San Francisco, or New York, earning $50k means you're poor. The cost of living in most urban areas is now so high that a $250,000 salary is middle income. President Obama might not understand this, but we the people do.
http://www.billoreilly.com/column?pid=33814

Sure, Bill, 9.1% Unemployment, plus the millions who have run out of benefits that aren't counted, don't affect our economy at all!! Evil or Very Mad

Guest
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Re: Bill O'Reilly: Are You Poor?

Post by elvis44102 on Fri Sep 16, 2011 11:21 am

""The mean salary in America is just about $50,000. But if you live in Los Angles, Boston, San Francisco, or New York, earning $50k means you're poor. The cost of living in most urban areas is now so high that a $250,000 salary is middle income. President Obama might not understand this, but we the people do.""

Thanx I needed a laugh.....

elvis44102
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Re: Bill O'Reilly: Are You Poor?

Post by lendmeflight2 on Fri Sep 16, 2011 2:52 pm

This is ridiculous and shows that he only plays to upper wage earners.

$50,000 is the MEAN salary, he couldn't even get the true average to work in his advantage? The mean can vary widely in a sample so big.

Let's assume that is the average salary, and it's probably about right.

That means just as many people make above that number as below it.

So, yes, living in Boston and making 50K is probably poor but in the midwest and the south and all over really, there many many people living at $20,000 a year to pay for that one CEO's seat in the average at $1 million per year.


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Re: Bill O'Reilly: Are You Poor?

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