On Nov 27, 2:28�pm, Gene Kearns
wrote:
On Tue, 27 Nov 2007 11:27:26 -0500, HK penned the following well
considered thoughts to the readers of rec.boats:

"With a little bit of budgeting, it would seem reasonable that most
families could justify spending 6-month's income on a used boat or
perhaps a year's income on a new one."

Only if they are insane.

In 2006, the median annual household income according to the US Census
Bureau was determined to be $48,201.00.

Maybe a 245 Bayliner Cruiser for 50K?

Maybe 3 families could go together and buy a 28' Mako.... 106K on sale
at Bass Pro....

Nah.........

--

Grady-White Gulfstream, out of Oak Island, NC.

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I suspect that if we further qualified beyond just "median household
income for Americans" to "median household income for Americans likely
to purchase a boat of any kind" the number would go up.

That 40-some thousand figure includes tens of millions of retirees,
and some of them rather nicely on assets rather than income. "Income"
might be limited to $3000 a month in social security payments, but if
that can be supplemented with another few thousand from savings, muni
bonds, a "reverse mortgage" etc they are living a lot better than a
family where two wage earners are grossing $9 an hour each.

The low figure also includes students working part time, as well as
all the burger-flippers, hotel maids, and other workers who are
literally "subsisting" rather than earning a living wage.