▲ 351 ▼ 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 1 day ago* by Vindoua@lemmy.world to c/til@lemmy.world 37 comments fedilink hide all child comments
[–] CarbonIceDragon@pawb.social 14 points 1 day ago (2 children) If it was "mean" or "average" then sure, median not so much permalink fedilink source parent hideshow 4 child comments replies: [–] AngryCommieKender@lemmy.world 4 points 1 day 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. permalink fedilink source parent [–] 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. permalink fedilink source parent
[–] AngryCommieKender@lemmy.world 4 points 1 day 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. permalink fedilink source parent
[–] 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. permalink fedilink source parent