Sahwa@reddthat.com to News@lemmy.world · 5 days agoMillennials are giving up on the thought of ever buying a house and experts estimate fewer will become homeownerswww.independent.co.ukexternal-linkmessage-square103fedilinkarrow-up1466arrow-down14cross-posted to: economics@lemmy.world
arrow-up1462arrow-down1external-linkMillennials are giving up on the thought of ever buying a house and experts estimate fewer will become homeownerswww.independent.co.ukSahwa@reddthat.com to News@lemmy.world · 5 days agomessage-square103fedilinkcross-posted to: economics@lemmy.world
minus-squareDa Oeuf@slrpnk.netlinkfedilinkarrow-up6·4 days agoIs that the median or mean average? The worse that inequality is the more it distorts mean averages and the less it tells you about the majority.
minus-squareScoffingLizard@lemmy.dbzer0.comlinkfedilinkarrow-up2·4 days agoPretty sure it’s average if it’s true. It’s 100% NOT the median. Median is probably $50k or less if I had to guess. There is a scary chunk of society that can not afford a $500 emergency. It’s awful.
Is that the median or mean average? The worse that inequality is the more it distorts mean averages and the less it tells you about the majority.
Pretty sure it’s average if it’s true. It’s 100% NOT the median. Median is probably $50k or less if I had to guess. There is a scary chunk of society that can not afford a $500 emergency. It’s awful.