I was looking up the average networth of 30 year olds in the United States and it said: “The average net worth is $122,000 and the median net worth is $35,112” my brain is too smooth please help.
In: 8
Average is adding up everyone’s net worth and dividing it by the number of people there.
The median is if you line up everyone from least to highest net worth what would the middle person be, or the middle of the 2 middle people if you have an even number.
So if the net worths of 10 people ($K) were:
10, 15, 20, 25, 30, 35, 40, 50, 60, 90, 850
The median is 32.5K and the average is 122.5K.
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