4 ms·
While average is more informal, it is the same as the mean, mathematically speaking. Some people may use it, well, informally, to represent other concepts, but
by gilbetron 4y ago
While average is more informal, it is the same as the mean, mathematically speaking. Some people may use it, well, informally, to represent other concepts, but the mathematical definition is quite clear.
- unclebucknasty 4y agoRight. And the point here is that the original comment implied that most people in that age bracket had a net worth of $1.2 million. So median is the relevant interpretation of average in that context. Your correction and interpretation are valid.
- nailer 4y agoYou’re right, I edited the comment shortly after posting it. Most boomers don’t have 3M in housing. But many do and owning a house on the coast is not considered remarkable.