Question

During the 2016 Democratic Presidential primaries, Secretary Hillary Clinton and Senator Bernie Sanders were criticized for defining the American middle class as any household that makes $250,000 or less a year. At the time, the U.S. Census Bureau reported that the median income was $53,657 and the mean income was $75,738 for 2014.⁶ Would you agree or disagree with the Democratic candidates? How would you explain the median and mean income measures to the candidates?

Answer 1

I will not agree with the Democratic candidates. Median is $53,657 and the mean is $ 75,738. We can see that mean is more than median , this is because the data of income is positively skewed, that means it has a long tail in right. This means that because few people earn a high income which shifts the mean towards right. So in this case Median is the best measure to express the Income., which is very low as compared to the one given by democrats