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Mean Vs Median is Pretty Mean
general mishka
Registered User
User ID: 501426
05-19-2019 07:43 PM

Posts: 3,828



Post: #1
Mean Vs Median is Pretty Mean
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https://www.msn.com/en-us/money/markets/...spartanntp


In my Cohort the Mean net worth is 1.1 Million USD, but the Median is less than 1/5th of that at 187k

SHOCKING!!!

That is some serious wealth disparity
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closer walk
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User ID: 501437
05-19-2019 08:07 PM

 



Post: #2
RE: Mean Vs Median is Pretty Mean
general mishka  Wrote: (05-19-2019 07:43 PM)
https://www.msn.com/en-us/money/markets/...spartanntp


In my Cohort the Mean net worth is 1.1 Million USD, but the Median is less than 1/5th of that at 187k

SHOCKING!!!

That is some serious wealth disparity

Yes, General, shocking. The 3rd one, the mode; would be a revealing revelation.
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LoP Guest
lop guest
User ID: 484281
05-19-2019 08:16 PM

 



Post: #3
RE: Mean Vs Median is Pretty Mean
mode probably $25K
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SkeptiSchism
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User ID: 450243
05-19-2019 08:19 PM

Posts: 6,909



Post: #4
RE: Mean Vs Median is Pretty Mean
Yah but most of those numbers are when the markets are peaked out or real estate is peaked. You only have that much if you liquidate all your stock or real estate. If everyone tries to do that, prices plummet.

Eventually this bubble will collapse, and it will be nearly impossible to re-inflate like last time because the fed is out of bullets because interest rates are 1/2 of what they need to blow another round of bubbles AND baby boomers are beginning to downsize and liquidate assets for retirement.

When you stare into a mirror and nobody is there, you will know the reflection has become self aware.
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LoP Guest
lop guest
User ID: 501596
05-19-2019 08:34 PM

 



Post: #5
RE: Mean Vs Median is Pretty Mean
Beast mode
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LoP Guest
lop guest
User ID: 501437
05-19-2019 08:46 PM

 



Post: #6
RE: Mean Vs Median is Pretty Mean
Someone said 'statistics; lies, more lies, nothing but lies'. \; his name is Marshawn.
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blind prophet
Teiresias
User ID: 458642
05-19-2019 08:52 PM

Posts: 8,837



Post: #7
RE: Mean Vs Median is Pretty Mean
The average net worth of all U.S. families is $692,100, according to The Federal Reserve's Survey of Consumer Finances. If you look at the median, or those at the 50th percentile, the amount is significantly lower: $97,300 — and that may be a better gauge, since the super rich can pull up the average.

Yeah I'd take the median as being more authentic in thought myself.

The mean sure jumps a whole lot after 45 too.

Wonder how much of that is working oneself up to higher pay, or perhaps younger people are having a tougher time now.

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Roll the bones
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LoP Guest
lop guest
User ID: 501596
05-19-2019 09:49 PM

 



Post: #8
RE: Mean Vs Median is Pretty Mean
LoP Guest  Wrote: (05-19-2019 08:46 PM)
Someone said 'statistics; lies, more lies, nothing but lies'. \; his name is Marshawn.

well if you take away all of the zero earners or near zero before you calculate the number rises significantly I'm sure....
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LoP Guest
lop guest
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05-19-2019 10:02 PM

 



Post: #9
RE: Mean Vs Median is Pretty Mean
Significance is there waiting to be found.
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Lakeofmarch
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User ID: 499086
05-19-2019 10:11 PM

Posts: 5,933



Post: #10
RE: Mean Vs Median is Pretty Mean
It will be a great surprise to many, I'm, sure, because as mentioned above, when everyone tries to cash their check at the same time the theoretical numbers will move, and the playing field has been tampered with. A lot of scattered points out there, but the real question is what will happen to you. Or, more precisely, where the landmines have been hidden, and what that will mean when the house of cards is pulled.





Roiled rivers are the fisherman's gain.. and I can see a lot of scarily alert harpoons.

They will find many armies to test them, but none to resist.
They will come in their shining ships to conquer and destroy,
Barbarians of gold and feathers and serpents of fire.
-Aztec Century-
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(This post was last modified: 05-19-2019 10:13 PM by Lakeofmarch.) Quote this message in a reply
LoP Guest
lop guest
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05-19-2019 10:16 PM

 



Post: #11
RE: Mean Vs Median is Pretty Mean
Real estate is called real estate not by mistake but as a stake.
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1110.00)
lop guest
User ID: 480427
05-19-2019 11:14 PM

 



Post: #12
RE: Mean Vs Median is Pretty Mean
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