this post was submitted on 25 Oct 2023
1 points (60.0% liked)

Hacker News

4122 readers
2 users here now

This community serves to share top posts on Hacker News with the wider fediverse.

Rules0. Keep it legal

  1. Keep it civil and SFW
  2. Keep it safe for members of marginalised groups

founded 1 year ago
MODERATORS
[email protected]
1
Mean American household is now a millionaire, according to the Federal Reserve (finance.yahoo.com)
submitted 1 year ago by [email protected] to c/[email protected]
3 comments fedilink hide all child comments
 

There is a discussion on Hacker News, but feel free to comment here as well.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 8 points 1 year ago (1 children)

Cool. Now do median.

[–] [email protected] 2 points 1 year ago (1 children)

Read:

Even when looking at the median—another measure of the average, which represents the midpoint in the ranking and is less likely to be skewed by exceptionally high or low numbers—the typical American household was worth $192,900.

Although that figure is less exciting for aspirational workers, it still represents an impressive after-inflation gain of 37% over three years.

The mean is substantially higher than the median because it is boosted by the top 10% of earners, who have a net worth, on average, of $6.63 million, according to the Fed."

[–] [email protected] 2 points 1 year ago

I think point he make is median lower by much.