this post was submitted on 03 Dec 2022
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[โ€“] coldhotman@nrsk.no 1 points 2 years ago (1 children)

Yes, the median wealth is noted in the article. The average wealth, however, is not. At this point I don't think you understand the difference either. Thank you for the conversation, let's try again later on a different topic.

[โ€“] sheesh@lemmy.ml 1 points 2 years ago

Median is an 'average' (it is the mean of ranks), just not the arithmetic average ('mean') of the values. Text is correct - no need to get upset because you did not get it. Anyway, the numbers are meaningless as they do not tell us how wealth is distributed (e.g., what is the interquartile range - central 50%) and we cannot conclude anything about the wealth of the majority (>50%) of people.