**Re: Hey Chris222**
Henry Flowers said:

**Im not sure your use of median income is statistically congruent to your conclusion. I'm no expert, but, it seems to me that the median number is the middle number in a series of number (so; in the series 1,4,5,7,15,28,31, the median number would be 7, which is not the same as the average, 13)**

A statistical point which nobody will care about, but which I shall discuss anyway:

Median is indeed, I think, the better way to look at how much the "average" person makes than actually looking at the statistical average. The "median" is the middle number in a series of numbers, while the "average" is what you get when you add all the numbers together, then divide by the number of them.

As an example of why this is true, imagine the street that Bill Gates lives on. Let's say there are 10 houses on the block he lives on. The net worth of the owners of the other 9 houses, might be about $500,000 a piece. The net worth of Bill Gates is $40 billion.

So if you said, "What's the average net worth of people living on that block?", you'd add up all their net worths, then divide by 10. Which would tell you that the "average" person on that block was worth 4 billion, 450 thousand dollars. Which is an utterly meaningless statistic. NOBODY on that block is worth anything like that much. You have 9 people worth a fraction of 1% of that, and 1 person worth 10 times that much.

But if you said, "What's the median net worth of the people on the block", you'd find it was $500,000. Which is a meaningful statistic, this is what the typical person on the block is worth.

In fact, if Bill Gates moved to a small town, population 10,000, you might then calculate that the average person in the town would have a net worth of 4 million dollars. This would be statistically true, and it would tell you nothing, because 9,999 of those millionaires wouldn't be millionaires at all, and one of them would be a multi billionaire.

Looking at median instead of average is sometimes helpful as it filters out the astronomically large numbers at the top of the scale which might otherwise throw the whole thing off and give you a meaningless or misleading number.