Quote:
Originally Posted by bronco67
Apparently, I live in the richest state.
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Not necessary.
Lets say A state has a number of 400K, B state 450K. But the rest 99% in A state earns on average 70K, in B state 50K. Not saying that it is very likely, but something to consider.
Or alternatively, same numbers A 400K, B 450K. But what about the structure of that 1%? It can be that average salary of those in A state is higher than in B state.
Example, 5 people (represents all of the 1%, just for shorter example of what I mean) of the state A 1000K, 1000K, 900K, 700K, 400K. And 5 people of B 700K, 600K, 500K, 470K, 450K.
Last one is lower for A, but actually A is richer.
So last person of those 1% in A state being less does not necessary mean B is richer. Depends on the structure of the 1%.