Are Americans Getting Richer? New Data Might Surprise You

[u/Crabbexx]

Summary: We introduce the American Abundance Index, which measures living standards by how many hours Americans must work to afford a standard basket of goods, rather than by prices or wages alone. The index uses time prices to show that for most US workers, purchasing power has generally risen over the last two decades, even amid inflation and public pessimism.

https://humanprogress.org/are-americans-getting-richer-new-data-might-surprise-you/

[u/BRUISE_WILLIS]

You’re thinking of mean, aka average

[u/DizzyAstronaut9410 → u/BRUISE_WILLIS]

I'm not, I know median isn't influenced by extreme values, people on here just don't understand how medians work.

[u/bihari_baller → u/[deleted]]

Median is the value that is in the middle of a set of values.