Post
Topic
Board Speculation
Re: How many Bitcoins needed to retire in 5-6 years?
by
TwinWinNerD
on 05/08/2014, 13:21:33 UTC
Assume average North American, requiring $30,000 per year of today's purchasing power, no other debt.
This is by no means average. $30k is well under the average income that most people in the US have.
The median per capita income in the US ist actually $28k. (source: http://quickfacts.census.gov/qfd/states/00000.html). That includes children, though. On the other hand you can substract opportunity costs of having a job, like commuting and business clothing etc. So $30k should be quite fine.

Older people need more health care, is that included in those calculations?

No idea (not from the US). Usually income in a census is gross income, though.

Was just wondering, because usually the older people have higher average incomes but also higher costs, especially health related.