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Tag : median

Wealth And Income Inequality: What Are We Really Talking About?

Wealth inequality in Europe and the U.S., 1810-2010 (Source — .pdf, 1.2MB) The more I learn about wealth and income inequality, the more I realize I didn’t know — and still don’t know — and the more it’s obvious that many other people don’t know. Rampant confusion reigns. In my observation, most laypersons don’t understand[…]

Mean Vs. Median

Categories: Fact Check, Finances
Comments: No Comments
Published on: 2017.02.12

Not everyone deals with math every day, and that’s fine. Most people don’t need to know the following in their day-to-day lives. However, I write this entry so I can link to it from other entries that mention “mean”, “average”, or “median”. Most of us see these terms only in news stories about the economy:[…]

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