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median income
Quote:
Originally posted by Spanky
I hate to sound like a broken record, but these adjustments show what tripe the word "Median" is. The only chart that would really have any meaning is one that showed the average change in different sections of the population.
The fact that the Democrats are not trotting one out suggests to me that such a chart would show income growth in all five sections of the population.
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If the median income is down 2.8%, how is it possible for there to be income growth in all five quintiles (a/k/a "section," right?) of the population?
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