Cat@ponder.cat to Asklemmy@lemmy.mlEnglish · 3 days agoIf you became an owner of 1KG of gold. How rich does that make you compared to the rest of the world?message-squaremessage-square32fedilinkarrow-up160arrow-down10
arrow-up160arrow-down1message-squareIf you became an owner of 1KG of gold. How rich does that make you compared to the rest of the world?Cat@ponder.cat to Asklemmy@lemmy.mlEnglish · 3 days agomessage-square32fedilink
minus-squareotp@sh.itjust.workslinkfedilinkarrow-up1·3 days ago the median net wealth in the US is right around that $193k number, but the average is just over $1M, which is pretty amazing. I’d say that the median is the average in this case. The mean usually works as a mathematical average, but in this example, it’s clearly skewed. The difference isn’t between median and average, but between median and mean.
I’d say that the median is the average in this case. The mean usually works as a mathematical average, but in this example, it’s clearly skewed.
The difference isn’t between median and average, but between median and mean.