Word: medians
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...Anyone who's living off less than 60% of the median household income is defined by the E.U. and the German government as living in poverty. In Germany, that's around $1,066 per month for a single person or $2,240 for a couple with one child. Some of the hardest hit by Germany's increasing poverty levels are children. It's estimated that there are more than 3 million German children living in poverty; in Berlin alone, up to 36% of all children are poor. "The gap between the rich and poor is wider than ever and more...
...than the national average - "is not a pretty picture," says Kate Fitch, a principal and health-care consultant for the Seattle-based Milliman Inc. consulting firm and a co-author of its Index. That's especially true since Miami-Dade County also has one of the country's lowest median incomes ($43,495). "If the [Miami] area's practice patterns continue as they are," says Fitch, "employees there could be approaching a breaking point." (See the most common hospital mishaps...
...continued-bad-news category went fresh data on initial unemployment claims - they rose more than expected, dampening excitement about the mild moderation of the week before - and the housing market. On Tuesday the National Association of Realtors reported that the median-priced single-family home sold for 14% less in the first quarter than it did during the same time period a year ago. The next day, housing-tracker RealtyTrac reported a 32% year-over-year jump in foreclosure filings. And yet sales of homes in certain markets - southern California, southern Florida, Nevada - are spiking. A sign of the bottom...
...What marketers still don't talk about is that old people with money are the largest consumers of a number of things besides multivitamins and sweaters. According to Forbes, the average age of the people who buy the extremely expensive and fast Porsche 911 is 51 years old. Their median annual income is $390,000. That means that a great many of the people driving dangerously fast cars are in their late fifties and their sixties. Trying to sell Porsches to people under 40 is probably a waste of money, especially now that almost all of the hedge fund managers...
...year of schooling (except in the case of graduate school) is associated with additional annual earnings. Although such correlations do not imply causality, the logic that more education means more money lends itself to the logic that a more prestigious education means even more money. According to payscale.com, the median starting salary of emerging Harvard undergraduates who work full-time in the United States is $63,400; even without pursuing further schooling, they boast mid-career median salaries of $124,000. Compare these numbers to the median earnings of the average American male—$45,113 in 2007?...