Do Wharton students know what the average income is in Tampa? Probably not.

“I asked Wharton students what they thought the average American worker makes per year and 25% of them thought it was over six figures. One of them thought it was $800,000. Really not sure what to make of this (The real number is $45,000),” tweeted Nina Strohminger, a professor of legal studies and business ethics at the Wharton School of the University of Pennsylvania.

“Oh good,” she tweeted the next day. “I went viral.” The story has indeed become viral.

These particular Ivy League students are way out of touch.

According to the U.S. Bureau of Labor Statistics, the average annual income in the United States in 2020 was $56,310, while the median income was $67,521.

Different data gatherers use different methodologies, but the bean counters at Florida’s no.2 county, besting Miami-Dade by a hair, was Hillsborough, home to Tampa, with an average income of $60,962.

 

 

You May Also Like
Building Your Financial Ark: How to Survive and Thrive During the Next Economic Storm

Many Americans today are worried about their financial future. This isn’t a surprise to most of us because we can all see the growing economic challenges that are hurting a

Read More
Building Your Financial Ark: How to Survive and Thrive During the Next Economic Storm
Kim Kiyosaki Pledges Book Donations to Help Promote Financial Literacy Across America

Real estate and financial expert, Kim Kiyosaki, made a bold move in the mission to help Americans develop the financial literacy needed to create financial freedom in their own lives. 

Read More
Kim Kiyosaki Pledges Book Donations to Help Promote Financial Literacy Across America
Will your wealth plan encourage your children’s entrepreneurial spirit or foster complacency?

– Contributed Content, Northern Trust Corp. Sharing wealth too freely with your children or attaching “hard and fast” rules to accessing your wealth, may have an unintended negative impact on

Read More
What is your most valuable asset?

By John Hill, managing partner, Hyde Park Capital For many business owners we work with, their most valuable asset is their business. When monetizing the business, and developing an exit

Read More
Other Posts
Habitat for Humanity breaks ground on first Hernando County home

Habitat for Humanity Tampa Bay Gulfside broke ground on its first home in Hernando County. The nonprofit announced its expansion into Hernando County in 2024, and rebranded as Habitat for

Read More
Habitat-breaks ground
Booz Allen Hamilton to relocate to Midtown East

Global consulting firm Booz Allen Hamilton will move its Tampa office to Midtown East, a forthcoming 18-story tower in the Midtown Tampa development, scheduled to open in the second quarter

Read More
Midtown-east
A Legacy of Care: Honoring the Contributions of ACS and David Pizzo

Cancer affects people of all ages and backgrounds. For the thousands battling the disease, in the Tampa Bay area, organizations like the American Cancer Society provide vital support and hope.

Read More
Marina Pointe tower reaches sold-out status with $3.1 million penthouse

Marina Pointe, a luxury condominium development in Tampa Bay, has sold out all units in its first residential tower, with the final sale of a 3,300-square-foot penthouse, closing at $3.1

Read More