Quote:
Originally Posted by stone hands
Care to explain? There must be some unimaginably wealthy calgarians bringing that average up
I just did a Google search and am seeing in the 70k ballpark which sounds more realistic
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Sure. The 70k that normally comes up from google searches is the median after tax income. They are reporting the gross average income which can be a vastly different number.
For example I looked up the 2016 census which is pulling 2015 numbers. For comparisons sake the median household gross income in Calgary was around 117,000. The average was 162,000. Taking the downturn into effect it drops the current numbers to around 90,000 median, or about 70,000 after tax.
Assuming an equal decline would make the average around 135,000 but massive layoffs would affect the median much more than the average as most wealthy people are divested enough to compensate and maintain the higher end earners. So I would expect the average to be lesser decline than the median.
I didn’t go and research exactly where they got their numbers from, but for me the 180,000 they are quoting as an average could be seen as on the high side but I think it is completely reasonable.
Personally I hate seeing average income used. In this case the wealthy are making the numbers skewed higher than it should be. Simply because the wealthy would have a higher threshold to pay, it doesn’t mean the average Calgarian is willing to pay based on their thresholds. Sneaky sales technique to me to make the option look more attractive.