Word: medians
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Dates: during 2000-2009
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...substitute for a defined-benefit pension, look beneath that big number. Earlier this year the airwaves crackled with announcements that the value of the average 401(k) had climbed to $61,000 in 2004. Noticeably absent from many accounts was any reference to the median value, a more accurate indicator of the health of America's retirement system. That number was $17,909, meaning half held less, half more. Nearly 1 in 4 accounts had a balance of less than...
...calls for a $20 living wage. The actual numbers put to living wage demands are based on estimates of the cost of a decent lifestyle in Boston. Living wage advocates are defining “decent” far too generously. According to the Boston Redevelopment Authority, the 2005 median income for a family of four in the Boston metro area is $82,600. This number is slightly higher than the U.S. Census Bureau’s last median income estimate for all of Massachusetts (in 2003), which showed that the state had the second highest median income...
...Nearly one out of five Japanese?close to 25 million people?are over 65, a statistic that inspires endless fretting and political debate over social stagnation, overburdened pension plans and inadequate health care. But being one of the world's grayest nations, with a median age of 42.6 years and rising, doesn't mean Japan is turning into a vast nursing home. Led by spirited adventurers like Miura, aging Japanese are refusing the rocking chair and choosing to remain contributing members of society long after they've qualified for senior discounts. Although the mandatory retirement age at most companies...
Susan McSweeney, mayor pro tem of Westlake Village, Calif. (median home price: $1 million), likes to carry a stylish handbag. But for her to invest $300 to $400 for a new Cole Haan, she figures she should carry it every day for a year. "I get tired of the same purse," she says. "I like flexibility." Instead she rents from Bag Borrow or Steal (bagborroworsteal.com). Just over a year ago, Lloyd Lapidus co-founded the company, which lets online shoppers borrow designer purses, from Baby Phat to Versace, for a monthly fee. He hatched the idea with brother...
...Yale, with its $15.2 billion endowment managed almost entirely outside the university, beat Harvard last fiscal year with an investment return of 22.3 percent. The median return for the 25 largest university endowments was 15.8 percent last fiscal year, according to preliminary numbers reported by Harvard on Friday...