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The Something Awful Forums > Discussion > Debate & Discussion > Student Loan Relief Discussion and Questions - 2022
 
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Eric Cantonese
Dec 21, 2004

You should hear my accent.
Does anyone have a good link to American income percentiles? I've seen this study get shared a lot.

https://budgetmodel.wharton.upenn.edu/issues/2022/8/23/forgiving-student-loans

I think the following blurb is very deceptive, but people are latching on to it.

quote:

Between 69 and 73 percent of the debt forgiven accrues to households in the top 60 percent of the income distribution.

I've been trying to reverse engineer what "top 60 percent of the income distribution" means. I guess it means over $82,000 according to their graphs? Assuming working parents, you could theoretically be a couple with $40k salaries each? The wording seems so squirrely to me. Something doesn't sit right.

EDIT: I mean, couldn't you read top 60% of income distribution then as anyone over the 40th percentile (which they have down as $50,795)?

Eric Cantonese fucked around with this message at 03:29 on Aug 25, 2022

* # ¿ Aug 25, 2022 02:58
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# ¿ May 21, 2024 02:28
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Eric Cantonese
Dec 21, 2004

You should hear my accent.

Epicurius posted:

Sounds close. Here's a visualization of census data.


https://www.visualcapitalist.com/us-household-income-distribution-visualized-100-homes/

Here's the actual census data report if you want o see the source.

https://www.census.gov/content/dam/Census/library/publications/2021/demo/p60-273.pdf

Basically, median household income for a family (That's the amount where half the population has more, half has less) is $67,521.

Now, obviously, this is for everybody. There are demographic breakdowns in the report by race, region, education level, etc. The report has a bunch of other stats too, and is worth checking out.

Thanks! These are helpful links.

I still can't help but feel like that Wharton study I linked to was deceptively worded.

* # ¿ Aug 25, 2022 03:31
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Eric Cantonese
Dec 21, 2004

You should hear my accent.
Sorry to bug you guys about this, but could someone share the text of this Atlantic piece where Joseph Stiglitz supposedly shoots down the inflation arguments against student debt?

https://www.theatlantic.com/ideas/archive/2022/08/biden-student-debt-cancelation-stiglitz/671228/

I'm maxed out with free articles and have now hit the paywall.

* # ¿ Aug 26, 2022 16:39
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Eric Cantonese
Dec 21, 2004

You should hear my accent.
Thanks, Leon!

* # ¿ Aug 26, 2022 16:41
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The Something Awful Forums > Discussion > Debate & Discussion > Student Loan Relief Discussion and Questions - 2022