During the 2016 Democratic presidential primaries, 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?

During the 2016 Democratic presidential primaries, 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?

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter28: The Distribution Of Income And Poverty

Section28.2: Measuring Income Equality

Problem 1ST

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