Well this explains everything about CNBC...

[Bread and Circus]

"median household net worth of CNBC Business Day viewer exceeds $1.2 million."

http://www.cnbc.com/id/15907487/site/14081545/

No wonder it's such a bunch of bullshit.

[billyoc]

1. Whoah, I better tune it out.

I don't want to fuck up the curve.

[cliffordu]

11. Well.....

:rofl:

[wndycty]

2. Good get. . .

. . .very good.

[ecstatic]

3. lol. I was wondering why I never latched on to that network

Mystery solved! I don't understand why CNBC is on Comcast basic cable, but MSNBC isn't.

[Veritas_et_Aequitas]

4. To provideus with a less realistic worldview?

Fuck Comcast.

[Occam Bandage]

5. Strange. You'd think those people would be interested in ensuring their investments did well,

and so would want to find a good source of sound business and investment news.

[HillbillyBob]

6. So where does a 40G household fit in? somewhere below cartoon network

and hsn, fox? Sorry dont watch those, well now and then duck dodgers on boom.

[cliffordu]

12. I gets the social security.....

Looks like sponge bob for me.....

[Incitatus]

7. How do they know?

Because they said so on the phone? Should more people be inclined to watch cnbc now after reading this?

[NYC_SKP]

8. Sounds about right. That's net worth, not income.

Who has money to invest in the market when you're living paycheck to paycheck or only have a pathetic retirement that's shrinking.

No wonder the channel doesn't interest me.

[JackRiddler]

9. Now you don't really believe that, do you?

Median household net they'd like to afford to pretend having, more like.

[Bread and Circus]

13. This is according to a market study and is their website... who knows if its exact

but I don't doubt that's the kind of market it is intended for.

Whenever I get mad at some of these bullshit shows, I have to remind myself to watch the commercials. If the commercials are generally for wealthy, well insured, grey haired, white males you can be assured that they are usually spouting right wing talking points.

[JackRiddler]

15. I know CNBC viewers' median income is not what they claim (1.2 million!)

I know because it's implausible. Unless it's a function of incredibly low ratings.

I know because it's CNBC making the claim, and they are liars, and this is exactly the lie they would tell.

I know because CNBC viewers surveyed will all claim they make that kind of money. I guarantee you, if they called me in this survey (they wouldn't bother with my zipcode) and for a lark I agreed to participate, I might claim some outrageous income for kicks.

Do I know all this for 100.00% sure? Of course not. Slightly less than that. But I would bet my cash fortune on it, double or nothing. (Buying the opposite of what Cramer recommends is almost as sure.)

Not that there is any means of proving it.

Many of the commercials on CNBC until now were for dubious mortgage, home equity, zero percent with adjustable rate, and other low-grade credit offers. Nowadays these have morphed into JG Wentworth "need cash now" offers to buy annuity payments in perpetuum for a fraction of their notional value.

But yeah, rich is the kind of market CNBC is intended for, and lots of market makers and a few billionaires have it on among their many screens all day long, so the average might be in the high six figures, but the median ain't 1.2 million.

Thanks for this factoid, though. Cheers!

[Bread and Circus]

16. My uncle is a small time farmer and is worth 4 million. It's not that rare. I also

live in one of the poorest counties in Michigan, yet has one of the highest % of millionaires.

Like I said, I'm only going on what is said the by the research company that CNBC quotes at that link.

[JackRiddler]

17. D'oh! I'm stupid, please ignore my silliness...

I read net income instead of net worth and it stuck in my mind that way and I feel very stupid after all that.

For example, most homeowners in New York where the largest number of CNBC viewers presumably live are close to that just on the basis of owning a house here.

Sorry all! Forgive me.

Sorry CNBC!

Sorry Cramer!

I LOVE YOU GUYS!!!

[Bread and Circus]

18. LOL. All is forgiven.

:toast:

[babylonsister]

10. A lot of people might have been lead astray.I wonder how many?

They can join the club of people who weren't even paying attention and made a fraction of their worth.

[originalpckelly]

14. Since it's net worth that's reasonable. Most people make a million in life...

and people who are moderately more successful than normal would probably be able to save a good deal of that and invest it. My impression of CNBC is that it's the network of those who have some money, but do not have tens of millions, centi-millions or billions of dollars.

These people have just enough to think they're all that, but in reality are still just pawns, because they don't get all the privileges of the real investors.