Reply to The Average American is a Millionaire

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]So basically OP is asking people to feel good because the gazillionaires got even richer?

Classic DCUM clickbait. [/quote]

I would guess that OP didn't understand the difference between median and mean.[/quote]

No. Quite the opposite. The title of the post states “The Average American is a Millionaire.” Average is synonymous with mathematical mean or expected value, not with median. The former is a first order statistical moment while the latter is a nonlinear operation applied to a numerically ordered set of data.

OP’s assertions are spot on. Most readers seem to have inferred something else. Understandable, if one also doesn’t the difference between mean and median. [/quote]

The OP would have been accurate if it said: “The Average Net Worth of Americans is over million.”  It didn’t.  It claimed the “average American is a millionaire.”  If you average people, it is the same as the median.[/quote]

Mic drop.[/quote]

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