That’ll be Why the Median is Barely Over 40
That’ll be Why the Median is Barely Over 40
![the background blur](https://lemmy.world/pictrs/image/b0c40037-7625-416e-81f8-a46aea0b7665.jpeg?thumbnail=256&format=webp)
![](https://lemmy.world/pictrs/image/b0c40037-7625-416e-81f8-a46aea0b7665.jpeg?format=webp)
You're viewing a single thread.
Guys, stop trying to figure out the average. You guys should look for the mode (the most common income, not all income added and divided).
Edit: If anyone has the mode for american income, I'd love to hear it. I can't find it. Just the median and average.
11 3 Replythe mode is probably 0.
e.g. there are plenty of people with exactly 0 income. there are few people with exactly another income.
31 2 ReplyYup, Wikipedia says all exponential distributions have mode 0
7 0 ReplyIt might work a bit better if incomes were bucketed into 5k brackets before taking the mode. From there, I guess you can take the mean or median of all the incomes that comprise the bucket?
6 0 ReplyIt would still always be the lowest bracket, because most people make little and few people make much.
If you look at the horizontal lines here you get 50k brackets:
https://fourpillarfreedom.com/wp-content/uploads/2018/11/ind_inc0-1.jpgThe first bracket is ~65% of the population, the second bracket ~25%, the third bracket ~5%
6 0 ReplyMaybe as a rule of thumb it would always be the lowest bracket for the US. I live in the Netherlands, and the mode here is as a rule of thumb about 79% of the average. This gives a mode of 44000 euros annually. So it doesn't have to be the lowest bracket.
4 0 ReplyWell, that's depressing.
2 0 Reply
That's not helpful though.
1 0 Reply
Got this from a thread further up. This seems to indicate that the national Mode is $15k - $20k
4 0 ReplyIsn't this different for each state?
1 0 ReplyYes. That's another good thing to get into. If you have the resources, please do everything you can to bring wealth inequality into the limelite.
3 0 Reply