Cat@ponder.cat to Asklemmy@lemmy.mlEnglish · 20 hours agoIf you became an owner of 1KG of gold. How rich does that make you compared to the rest of the world?message-squaremessage-square27fedilinkarrow-up147arrow-down11
arrow-up146arrow-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 · 20 hours agomessage-square27fedilink
minus-squareotp@sh.itjust.workslinkfedilinkarrow-up1·15 hours 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.