Date: 2024-11-21 Page is: DBtxt003.php L0900-MM-Average-v-Median-01a
METRICS for MANAGEMENT AVERAGE -v- MEDIAN STATISTICS ARE OFTEN MISUNDERSTOOD. SOMETIMES THE MESSAGING IS INTENTIONAL
• The average seems quite benign.
The average on this bar-graph shows that wealth increases modestly as a person ages.
• The median shows something very different!
The median of this same graph shows that there is massive increase only for very few people.
More about wealth inequality from Wikipedia
'https://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States'
