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[–]CaelianPost No Toasties 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (1 child)

From the article — how to lie with statistics:

To be precise, the mean net worth of an American household, adjusted for inflation, was $1.06 million in 2022, according to the Federal Reserve’s consumer finance survey.

In comparison, in 2019 the mean net worth of an average household was $868,000, marking a 23% jump.

Even when looking at the median — another measure of the average, which represents the midpoint in the ranking and is less likely to be skewed by exceptionally high or low numbers — the typical American household was worth $192,900.

In other words, if the mean goes up it simply means that people like Elon Musk and Jeff Bezos have increased the obscenity of their wealth. Your own net worth hasn't increased at all. Don't you love statistics?

[–]hfxB0oyA[S] 2 insightful - 3 fun2 insightful - 2 fun3 insightful - 3 fun -  (0 children)

I love them as much as I love lies and damned lies.