"George Patterson" wrote in message
news:lUQOe.2573$IG2.1726@trndny01...
Roger wrote:

The last Census (2000) put the household median at
$41,994 so I'd expect it to be close to $50,000 now. There is a 2002
survey that put it a bit over $42,000

I would expect it to be considerably less after the off-shoring rush that
got rolling in 2003.

About 6 months ago, NPR reported that the number of jobs created for the
quarter had finally exceeded the number of jobs lost. For the first time,
most of those new jobs went to Spanish-Americans. That means that most of
them pay diddly-squat.

George Patterson
Give a person a fish and you feed him for a day; teach a person to
use the Internet and he won't bother you for weeks.

I don't think that median income is the relevent statistic. The question is
how many people is the economy creating that have enough money to buy or do
any particular thing like learing to fly AND want to do it. The economy
could still be producing record numbers of millionairs even if the average
were flat or declining. A few IPOs can significantly increase the number of
$100MM+ individuals in an area and not effect the median. You see this in
the ultra high end real estate market. The best business strategy I ever
heard was: "figure out what rich people want and provide it, they WILL buy
it. It doesn't matter how desirable something is to someone who can't
afford it or how affordable something is to someone who doesn't want it,
desire and resources have to match. Aviation doesn't appeal to many of
those who can afford it.

Mike
MU-2