12/05 - Monthly Monday!

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Peachy

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just learned that the average us yearly salary is $44,500 per year via a survey

where do you fall with that number
 
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electrolyte

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just learned that the average us yearly salary is $44,500 per year via a survey

where do you fall with that number
Hmm.. "US Household Income According to the Census ACS survey, the median household income for the United States was $55,775 in 2015, the latest data available." From: https://en.wikipedia.org/wiki/Household_income_in_the_United_States

Are there really that many single member households that the average person makes $44k but the average household is $55k? Somehow that math doesn't seem to math up.
 
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They didn't say if single or 2-salary family. If I were making anything near that, I wouldn't be here.
 

Caturk

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Hmm.. "US Household Income According to the Census ACS survey, the median household income for the United States was $55,775 in 2015, the latest data available." From: https://en.wikipedia.org/wiki/Household_income_in_the_United_States

Are there really that many single member households that the average person makes $44k but the average household is $55k? Somehow that math doesn't seem to math up.
Median isn't average, it's the number precisely in the middle. Average =all salaries divided by population.
 

electrolyte

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Median isn't average, it's the number precisely in the middle. Average =all salaries divided by population.
So that Wikipedia page says the mean is $72,641/year for a household. I guess that's closer to two people each earning $44k?
 
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JenniLeigh

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Hmm.. "US Household Income According to the Census ACS survey, the median household income for the United States was $55,775 in 2015, the latest data available." From: https://en.wikipedia.org/wiki/Household_income_in_the_United_States

Are there really that many single member households that the average person makes $44k but the average household is $55k? Somehow that math doesn't seem to math up.
Yeah, Caturk is correct, median and average/mean aren't the same thing. Median is in the middle of what the range is... Math is a bitch with terms. :(
 

JenniLeigh

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Yeah, Caturk is correct, median and average/mean aren't the same thing. Median is in the middle of what the range is... Math is a bitch with terms. :(
I fucking hate math...why do I remember this shit?
 

electrolyte

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Yeah, Caturk is correct, median and average/mean aren't the same thing. Median is in the middle of what the range is... Math is a bitch with terms. :(
Yeah, I read further in the Wikipedia page and found the mean number. I jumped the gun and copied the median number first. :)
 
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TissueHime

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55 minutes left for dibs!
if you do call it, please tag me or else I might miss it.
 
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