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View Poll Results: What was your gross income for 2002?
Someone else is paying for my STI 5 5.75%
Under 30k 3 3.45%
30k - 40k 14 16.09%
40k - 50k 9 10.34%
50k - 70k 17 19.54%
70k - 90k 14 16.09%
90k - 120k 6 6.90%
120 - 150k 5 5.75%
150k - 200k 7 8.05%
Over 200k 7 8.05%
Voters: 87. You may not vote on this poll

 
 
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Old 02-28-2003, 01:41 PM   #1
97itr153
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Member#: 17887
Join Date: Apr 2002
Location: Minneapolis
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05 LGTW Ltd AT
05 Evo RS

Default STI Income Poll (NEW - please read RULES before answering)

The last Income Poll did NOT capture enough information at the lower and upper ends of the scale. It is for this reason that I am putting out a new, revised poll.

RULES!

1. Participate in this poll ONLY IF you ALREADY have a deposit down on an STI.

2. Please DON'T include your SPOUSE's income in this calculation. An alternative is to Combine the two incomes and divide by 2 to get "Average income per ADULT household member"

3. DO include bonuses, but NOT capital gains and other ancillary income. "Gross" = before taxes, 401k, etc
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Last edited by 97itr153; 02-28-2003 at 04:49 PM.
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Old 02-28-2003, 02:36 PM   #2
ObsidianRS
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Blue/Gold

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Where's the "none of anyone's business" option?

Or do I just vote that way by not voting?
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Old 02-28-2003, 03:11 PM   #3
Jon [in CT]
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And it's HOUSEHOLD income that determines affordability, not just YOUR income.
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Old 02-28-2003, 03:13 PM   #4
Torch
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Quote:
Originally posted by Jon [in CT]
And it's HOUSEHOLD income that determines affordability, not just YOUR income.
Agree, especially if you spouce makes more than you.
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Old 02-28-2003, 04:35 PM   #5
97itr153
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05 Evo RS

Default

Quote:
Originally posted by Jon [in CT]
And it's HOUSEHOLD income that determines affordability, not just YOUR income.
You may try this instead:
Take your total household income and divide by the NUMBER of ADULT household menbers. Use this average number for the poll. Example
Income 1 = 80k
Income 2 = 60k
Average income = 70k (use this number)

Although Household income affects affordability by speading common expenses, including it causes SERIOUS problems from a statistical standpoint. With the addition of extra members in a household, also come additional expenses such as EXTRA CARS. Since this poll cannot diffrenciate between levels of expenses, the results will less meaningful. For example:

Household 1: (single person)
net income - $80k
expenses - 50k
disposable income - 30k

Household 2 (two working people)
net income 1 - $50k
net income 2 - $50k
expenses - 90k
disposible income - 10k

In the above case, Household 1 is better able to afford the STI. If we allow household incomes to be included, it will be impossible to compare the affordability for "single" buyers against "married" buyers.

IDEALLY, we would have to have two polls, one for singles, and one for households. Compensating for Kids is beyond the scope of this poll.

Besides, have you guys looked at the divorce rate recently

Last edited by 97itr153; 02-28-2003 at 04:50 PM.
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Old 03-01-2003, 04:11 AM   #6
JT-KGY
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Just voted..

but honestly... why do you care?
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Old 03-01-2003, 08:13 AM   #7
Alleggerita
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Interesting. Distribution remains bimodal in the new poll. Obviously this is a car that appeals both to enthusiasts with significant chunks of cash, as well as enthusisasts that live out of their cars . The folks in between probably like to drive something that looks more prestigious rather than a hot-rodded shoebox or rally replica.
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Old 03-01-2003, 04:56 PM   #8
97itr153
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Location: Minneapolis
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05 LGTW Ltd AT
05 Evo RS

Default

Quote:
Originally posted by Alleggerita
Interesting. Distribution remains bimodal in the new poll. Obviously this is a car that appeals both to enthusiasts with significant chunks of cash, as well as enthusisasts that live out of their cars . The folks in between probably like to drive something that looks more prestigious rather than a hot-rodded shoebox or rally replica.
Once we get about 100 or so votes, we will have a pretty good idea. OR I can fill in the blanks using the results of the first poll

Last edited by 97itr153; 03-03-2003 at 01:17 PM.
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Old 03-03-2003, 02:15 PM   #9
97itr153
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Member#: 17887
Join Date: Apr 2002
Location: Minneapolis
Vehicle:
05 LGTW Ltd AT
05 Evo RS

Default

Results:

I took the first poll which had about 150 responses and used the second poll to clarify the upper and lower bounds of the distribution. Yes, I used some subjectivity when combining the two polls.

The distribution seems to be lognormal with a single hump and a VERY long right tail. Because the right tail is long and the highest bin is open-ended ($200k+), we get the false impression that the distribution is bimodal. If we assume that those who voted "over 200k", are evenly spread out between 200k and 300k, we see that there is no second hump in the distribution.

About 20% of the respondants earn over 120k. And another 20% or so will be filing for bankruptcy with 6 months of purchasing the STI. Just kidding

I definately enjoyed doing this poll !
Thanks for participating !!

Last edited by 97itr153; 03-03-2003 at 11:54 PM.
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Old 03-04-2003, 04:07 PM   #10
FaastLegacy
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Location: Gilbert, AZ
Default

Quote:
Originally posted by Alleggerita
Interesting. Distribution remains bimodal in the new poll. Obviously this is a car that appeals both to enthusiasts with significant chunks of cash, as well as enthusisasts that live out of their cars . The folks in between probably like to drive something that looks more prestigious rather than a hot-rodded shoebox or rally replica.
Or enthusiasts who live with their parents.

-faast
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