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One reason is that in aggregate it doesn’t matter all that much: The differences between US means and medians for household financial stats are substantial but
by twoodfin 3y ago
One reason is that in aggregate it doesn’t matter all that much: The differences between US means and medians for household financial stats are substantial but not overwhelming—and more importantly in this context, largely trend together.
https://fred.stlouisfed.org/graph/?g=17Pem https://fred.stlouisfed.org/graph/?g=17Pem
https://fred.stlouisfed.org/graph/?g=17Ped https://fred.stlouisfed.org/graph/?g=17Ped
- xyzzy123 3y agoIf I am reading these graphs correctly, don't they support hikingsimulator's point? The mean has gone up but the median has gone down.
- twoodfin 3y agoOops: The mean one is in current (nominal) dollars. Here’s the inflation-adjusted version: https://fred.stlouisfed.org/graph/?g=17PWA https://fred.stlouisfed.org/graph/?g=17PWA