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View Diary: "Unprecedented prosperity" (248 comments)

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  •  That's what median does.. (1+ / 0-)
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    CitizenOfEarth

    "Mean", the arithmetic average, is skewed by the upper 1%.  "Median" is just the level where 50% are above and 50% are below.  If you lined up every household by income, halfway down the line would be the median.

    Our "Mean" income is much higher than the median, and has been showing more growth because it is influenced by the prosperity of the very rich.

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