Nothing faulty about it. Median income for 2016 was $59,000. So HALF, 50%, made MORE than $59,000. So given the fact a tiny percentage of people bicycle, and bicycling is a rich recreational activity in the USA, the vast majority of bicyclists earn a lot of money. Enough so $3000 bicycle frame is insignificant. The car dealers sold MILLIONS of $47, $83, $55 thousand dollar vehicles in the USA in 2017. Someone is buying them. Maybe just the upper half of the population. Half the population may think $800 or one tenth of that is too much to spend on a bicycle. But for the other half, it amounts to the change you would throw at a beggar on the street, if you were the despicable type of person who would do such things.RyanH wrote: ↑Sat Jun 09, 2018 10:13 pmRussell, that is riddled with faulty logic. Go look up median household income and tell me that they're affording any of the cars you mentioned.
If you ask an average person what an expensive bike is, most will say something along the lines of $800. So, sorry, whatever real world you're living in, it's definitely not the same as most of America.
I am well aware of the income stratification in the USA. A few thousand make millions or billions. And millions make zero. But the mean, median, mode results in an income of $59,000 in the USA in 2016. To get a median income of $59,000, you can have nine people making $1, one person making $58,999, nine people making $59,001 and one person making $1 billion. Median of $59,000!