this post was submitted on 22 Aug 2026

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TIL that in Massachusetts, white families have a median net wealth of $549,000. For black families, it is just $7,800 (www.bostonfed.org)

submitted 2 days ago* by Vindoua@lemmy.world to c/til@lemmy.world

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[–] testfactor@lemmy.world 0 points 2 days ago (1 child)

It does seem like 1 white billionaire living in Massachusetts might account for a good bit of this disparity.

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[–] CarbonIceDragon@pawb.social 14 points 2 days ago (2 children)

If it was "mean" or "average" then sure, median not so much

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[–] AngryCommieKender@lemmy.world 4 points 2 days ago

This argument is exactly why I think we should use the Mode when discussing the state of an economy or even a sector of the economy. The mode would represent the actual conditions that the majority of people experience and throws extremes out altogether.

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[–] testfactor@lemmy.world 2 points 1 day ago

Ah, fair. I didn't catch it was median. I just assumed average.

Goes to show I probably shouldn't comment after midnight, lol.

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