Comments on: 2005 US Income Distribution http://www.visualizingeconomics.com/2006/11/05/2005-us-income-distribution/ Making the "Invisible Hand" Visible Fri, 05 Mar 2010 00:29:30 -0500 http://wordpress.org/?v=2.9.2 hourly 1 By: Andy B. http://www.visualizingeconomics.com/2006/11/05/2005-us-income-distribution/comment-page-1/#comment-32478 Andy B. Sat, 14 Feb 2009 07:53:12 +0000 http://www.visualizingeconomics.com/2006/11/05/2005-us-income-distribution/#comment-32478 Thank you! I'm an economics layman and your graphs always address my curiosities clearly and concisely. Please keep up the good work! Thank you! I’m an economics layman and your graphs always address my curiosities clearly and concisely. Please keep up the good work!

]]> By: Deborah http://www.visualizingeconomics.com/2006/11/05/2005-us-income-distribution/comment-page-1/#comment-31745 Deborah Tue, 03 Feb 2009 01:39:12 +0000 http://www.visualizingeconomics.com/2006/11/05/2005-us-income-distribution/#comment-31745 Great graph. I'd love to use it in a statistics course I teach, but the font for the horizontal axis is too light. It's not visible in Power Point. It would be great if all the labels were in darker fonts. Great graph. I’d love to use it in a statistics course I teach, but the font for the horizontal axis is too light. It’s not visible in Power Point. It would be great if all the labels were in darker fonts.

]]> By: If economics is presented as a "social science" why is it saturated with boring graphs, equations, charts? | Open Social Blueprint http://www.visualizingeconomics.com/2006/11/05/2005-us-income-distribution/comment-page-1/#comment-28265 If economics is presented as a "social science" why is it saturated with boring graphs, equations, charts? | Open Social Blueprint Sat, 29 Nov 2008 09:14:14 +0000 http://www.visualizingeconomics.com/2006/11/05/2005-us-income-distribution/#comment-28265 [...] insight about the the income structure In the US and see if you find it boring or educational. http://www.visualizingeconomics.com/2006/11/05/2005-us-income-distribution/References [...] [...] insight about the the income structure In the US and see if you find it boring or educational. http://www.visualizingeconomics.com/2006/11/05/2005-us-income-distribution/References [...]

]]> By: Yury http://www.visualizingeconomics.com/2006/11/05/2005-us-income-distribution/comment-page-1/#comment-27056 Yury Tue, 04 Nov 2008 14:55:16 +0000 http://www.visualizingeconomics.com/2006/11/05/2005-us-income-distribution/#comment-27056 I would really like to know how the $2,500 increment data was obtained for incomes above $100,000. Your Google spreadsheet mentions only the usual US census data as its source, but their data bins are $50,000 above $100,000. Did you have other sources? I would really like to know how the $2,500 increment data was obtained for incomes above $100,000. Your Google spreadsheet mentions only the usual US census data as its source, but their data bins are $50,000 above $100,000. Did you have other sources?

]]> By: Credit Contraction Thoughts (and a question for you) | VirusHead http://www.visualizingeconomics.com/2006/11/05/2005-us-income-distribution/comment-page-1/#comment-25233 Credit Contraction Thoughts (and a question for you) | VirusHead Wed, 01 Oct 2008 20:59:24 +0000 http://www.visualizingeconomics.com/2006/11/05/2005-us-income-distribution/#comment-25233 [...] Lots of blame to go around, for sure. Blame war, blame the national deficit and the resulting increase in the mind-boggling national debt, blame corporations who send their money to Dubai after landing lucrative if wasteful and corrupt contracts (not naming names or anything), blame inflation, the average household debt, rising energy and food and healthcare costs, more productivity for less wages, the class warfare from the super-rich to the middle class… [...] [...] Lots of blame to go around, for sure. Blame war, blame the national deficit and the resulting increase in the mind-boggling national debt, blame corporations who send their money to Dubai after landing lucrative if wasteful and corrupt contracts (not naming names or anything), blame inflation, the average household debt, rising energy and food and healthcare costs, more productivity for less wages, the class warfare from the super-rich to the middle class… [...]

]]> By: Barry http://www.visualizingeconomics.com/2006/11/05/2005-us-income-distribution/comment-page-1/#comment-25096 Barry Sun, 28 Sep 2008 21:22:03 +0000 http://www.visualizingeconomics.com/2006/11/05/2005-us-income-distribution/#comment-25096 I meant to say the income noted above excluded the transfer payments. I meant to say the income noted above excluded the transfer payments.

]]> By: Barry http://www.visualizingeconomics.com/2006/11/05/2005-us-income-distribution/comment-page-1/#comment-25095 Barry Sun, 28 Sep 2008 21:15:03 +0000 http://www.visualizingeconomics.com/2006/11/05/2005-us-income-distribution/#comment-25095 Household income skews reality a little when people figure out that often "households" with only one person or wage earner in it make less than households with several. Some of the smaller households are doing just as well per capita as those with twice as many people and twice the income. The "income" above almost certainly include the value of government transfer payments, such as earned income credit, medicaid or medicare, food stamps, section 8 housing, etc. The chart is less skewed, when we take income "after taxes" into account. Household income skews reality a little when people figure out that often “households” with only one person or wage earner in it make less than households with several.

Some of the smaller households are doing just as well per capita as those with twice as many people and twice the income.

The “income” above almost certainly include the value of government transfer payments, such as earned income credit, medicaid or medicare, food stamps, section 8 housing, etc.

The chart is less skewed, when we take income “after taxes” into account.

]]> By: mgear http://www.visualizingeconomics.com/2006/11/05/2005-us-income-distribution/comment-page-1/#comment-24654 mgear Thu, 18 Sep 2008 20:23:45 +0000 http://www.visualizingeconomics.com/2006/11/05/2005-us-income-distribution/#comment-24654 Mark R: The dollars on the graph you refer to are 2004 dollars, meaning they are adjusted for inflation. They are probably correct. Your $15,000 1977 salary is much more than $15,000 in 2004 dollars. Mark R: The dollars on the graph you refer to are 2004 dollars, meaning they are adjusted for inflation. They are probably correct. Your $15,000 1977 salary is much more than $15,000 in 2004 dollars.

]]> By: Catherine http://www.visualizingeconomics.com/2006/11/05/2005-us-income-distribution/comment-page-1/#comment-23340 Catherine Mon, 25 Aug 2008 01:50:29 +0000 http://www.visualizingeconomics.com/2006/11/05/2005-us-income-distribution/#comment-23340 Yes, I have Tufte's books but I liked his presentation better. I think he is able to explain his ideas more clearly when he presents them himself. Yes, I have Tufte’s books but I liked his presentation better. I think he is able to explain his ideas more clearly when he presents them himself.

]]> By: Al Maurer http://www.visualizingeconomics.com/2006/11/05/2005-us-income-distribution/comment-page-1/#comment-22999 Al Maurer Tue, 19 Aug 2008 01:28:33 +0000 http://www.visualizingeconomics.com/2006/11/05/2005-us-income-distribution/#comment-22999 Nice graphs! I especially like the percentile scores at the bottom of the graph. Are you a fan of Edward Tufte? Nice graphs! I especially like the percentile scores at the bottom of the graph. Are you a fan of Edward Tufte?

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