• ☆ Yσɠƚԋσʂ ☆OP
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    71 year ago

    I understand the difference between median and average perfectly fine. What I’m saying is that the median is what’s relevant because that’s what represents the wealth of a typical person. The problem with using average is that it doesn’t account for inequality meaning that high average wealth could be in practice hoarded by a handful of rich people while the rest of the population remains poor.

    • @jokeyrhyme
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      31 year ago

      Yep, if they gave us an average without showing us the distribution, then that would be meaningless