The Felon Pope :popephil: on Nostr: The median income, isn't the average. Average incomes are much higher, but that ...

The median income, isn't the average. Average incomes are much higher, but that number is distorted by extremely high earners.
The median is the number in which 50% make more and 50% make less. The measure is the middle of the distribution and is mostly unaffected by wealth concentration. no measure is perfect. For instance, many compare the median house price to the median income, without noting that the median house size has nearly tripled.