| Moongoddess256 said: I'd like to mention while most families don't make that much, theres a good handfull of people who make millions a year. |
"Median" means the midpoint where 50% of the values are equal to or greater than that value, while it also means that 50% of the values are less than or equal to that value ...
Now, when you eliminate people who are under 30 from the income stastics equations you tend to notice a fairly substantial jump in the mean and median incomes, primarily because you've eliminated a lot of students and people who work in (often part-time) entry level positions ... In the cases I have seen it done, the jump is 25% to 33% when this is done and you see another 25% to 33% jump if you eliminate people under the age of 45 ... What this tells us is what should be obvious, that most income disparity is caused from having less experience rather than there being "rich" people who imbalance stastics.
