7 Sep 2023 12:35 pm
You get an "A" for the day.Vegas » 07 Sep 2023, 12:18 pm » wrote: ↑ America may have more than twice on the average compared to China, but average is not a great metric. If you have 30 families with 30k to 45k of net worth, but one has 900k, then average would be skewed unreliably high. The median is more accurate. Given the wealth gap in America, it isn't surprising that the average is high. We have billionaires compared to people who make 50k. China is better off since the medium is more of a reliable metric.
Extra points for continuing to explain that to ****!