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0 pointsjlmorton4y ago0 comments

The median net worth of the Baby Boomer generation in America is $1.2 million.

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gilbetron4y ago· 2 in thread

Median net worth of boomers is $200k, average net worth is $1.2m because there are a lot of very rich boomers.

https://www.businessinsider.com/typical-baby-boomer-net-wort...

nailer4y ago

> Median net worth of boomers is $200k, average net worth is $1.2m

That's not mathematically logical. 'Average' can be used to describe mean, median or mode.

gilbetron4y ago

While average is more informal, it is the same as the mean, mathematically speaking. Some people may use it, well, informally, to represent other concepts, but the mathematical definition is quite clear.

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