Word: medians
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Dates: during 1990-1999
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...well, that's because they are. While Wall Street is flush with 50%-plus pay hikes, pay raises for the Main Street crowd--the rest of us--have been on a six-year decline. In 1990, raises averaged 5.5%; next year they will hit only about 4.3%. The U.S. median income of $34,076 wouldn't cover the tax bill of this year's investment banker. "Wall Street is totally out of context with general industry," says Johnson. "The average person is worried about the increase in the cost of living, and Wall Street is taking a quantum leap...
...could be made, too, that adopting the recommendations of the Boskin Commission would spread the pain of balancing the budget as widely and mildly as possible. The elderly would still have their Social Security pensions raised next year, though by an average $13 a month rather than $21. A median family of four would pay $37 in extra taxes the first year, according to the accounting firm Coopers & Lybrand...
...million workers have union contracts linking future wage increases partly to the index. Taxpayers' personal exemptions, standard deductions and tax-rate brackets are adjusted each year in tandem with the CPI, and the cumulative effect of changing those adjustments could be huge. The extra $37 paid by a median family the first year would grow to $1,755 over 10 years...
Situated in Winnetka, where last year the median sale price for a house was $515,000, New Trier regularly sends 95% of its graduates to four-year colleges, many of them the same elite institutions that produced the lawyers, doctors and corporate executives who live here in large part because of the excellent school system. New Trier offers its students--85% white, 12% Asian, 2% Hispanic and 1% African American--everything from international relations and classical Greek to operatic choir and gourmet food. At New Trier, there's nothing called gym class or phys ed; it's kinetic wellness...
...Median household income: $28,639 ($3,625 below U.S. median...