Content pfp
Content
@
https://warpcast.com/~/channel/cryptoleft
0 reply
0 recast
0 reaction
π–˜π–ˆπ–šπ–’ pfp
π–˜π–ˆπ–šπ–’
@degencummunist.eth
3 replies
2 recasts
7 reactions
Chainleft pfp
Chainleft
@chainleft
Mean > average
2 replies
0 recast
3 reactions
Icetoad πŸ• 🎩 🐈 pfp
Icetoad πŸ• 🎩 🐈
@icetoad.eth
Definitely get way different number mean vs median
2 replies
0 recast
2 reactions
π–˜π–ˆπ–šπ–’ pfp
π–˜π–ˆπ–šπ–’
@degencummunist.eth
Median would probably get much closer to 35k than mean does
3 replies
0 recast
2 reactions
Icetoad πŸ• 🎩 🐈 pfp
Icetoad πŸ• 🎩 🐈
@icetoad.eth
1 reply
0 recast
2 reactions
Icetoad πŸ• 🎩 🐈 pfp
Icetoad πŸ• 🎩 🐈
@icetoad.eth
However, the mean (average) personal income would decrease slightly if the top 1,000 earners were excluded. The mean is sensitive to very high incomes, and the top 0.01% (which includes about 16,000 households) dramatically increases the average. While the exact reduction depends on the aggregate income of those top 1,000 individuals, the overall average would drop, but not drastically, given the size of the U.S. population. For context, the average personal income is reported between $54,000 and $63,214. Removing the top 1,000 would bring the mean closer to the median, but the median would remain the more representative figure for a "typical" individual. 2/2
0 reply
0 recast
2 reactions
Icetoad πŸ• 🎩 🐈 pfp
Icetoad πŸ• 🎩 🐈
@icetoad.eth
Excluding the top 1,000 earners in the United States would have a negligible effect on the median income for single individuals, because the median is the middle value and is not influenced by extreme outliers at the top or bottom of the income distribution. The median personal income would remain virtually unchangedβ€”recent estimates place it between $36,000 and $47,960 depending on the data source and definition used. 1/2
0 reply
0 recast
1 reaction