The median income ($53,000) is literally pointless except as yet another indicator of how unbalanced the economy is. If the economy was perfectly balanced the median and mean would be the same, but they're nowhere near that. The median was $53,000, while the mean was $75,000. An incredibly large chunk of the US is making significantly less than a handful of massive earners. And that's not even factoring in all the dirty tricks that the richest use to hide their wealth like offshoring bank accounts and shifting most of their assets into capital gains.