Home Living Today Culture Americans Think Corporate Profit Margins Are FIVE TIMES Higher Than They Actually Are By Jared Sichel

Americans Think Corporate Profit Margins Are FIVE TIMES Higher Than They Actually Are By Jared Sichel

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How far away from planet earth are Americans’ perceptions of corporate profits?

Very far. Like, 355% far.

According to this database at the New York University Stern School of Business, average corporate profit margins are 7.9% for all companies, and 6.9% when excluding the financial sector.

But as University of Michigan economist and American Enterprise Institute scholar Mark Perry points out, according to data in several polls spanning decades, Americans believe that average corporate profit margins are 36%.

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