this post was submitted on 26 Jan 2024
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Funny they don't also post the median salary.
The median was about $1200, or about $26,000 today.
https://www2.census.gov/library/publications/decennial/1940/population-families/41272167ch7.pdf
They do post the average income under living expenses for some reason, at about 1700 dollars in the picture
Im betting most people dont know what you mean because they see average income and dont know what the difference would be
Are people not taught mean, median, and mode anymore?
I think a better question is did most people ever learn these things before they stopped formal education
This is a valid point. It was not taught to me in High School and I didn't do so hot in Statistics my first time around with it.
I was taught the same multiplication/division for 3 years straight.
I did have a section on those 3 M's in math, but it was a small part of the curriculum and over in a flash. I recall nothing of value.
Except the mean which came back up extensively in G10 Chem and that was it.
Watching my younger sibling do math was even worse especially when they transferred to online and a lot of the questions were actually wrong... which was a great exercise in learning, but... ugh.
Sorry friend, but not in any meaningful way as far as I'm aware. :(
IME, most people I have met have never learned, or at least committed to memory, any of these terms, or (most likely) not the concept of their specific value to analysis.
This is the one that always gets me. When we're specifically talking about the middle class, median means a whole lot more than the mean of the national wage.