about retirement income
that helped me understand where we stood.
What is the Average Retirement Income 2017 (Mean)?
What is the Median Retirement Income 2017?
|Median Income. Mean Income|
|Households Aged 55-64 $62,802. $89,986|
|Households Aged 65-74: $47,432. $68,905|
|Households Aged 75 &up $30,635. $45,989|
Mean is all of the incomes added divided by the number of people.
($10,000,000 / 100people would be $100,000 mean income)
Medium is the middle point of the set
100 people have incomes from $15,000 to $300,000.
Put everyone on a line and pick the middle person's income.