Word: medians
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Certainly, achievements begun at Harvard have lasted throughout the entire careers of most members of the class of 1956. The Class report indicates a median income of more than $60,000 per year, with more than a quarter of the class earning above $100,000. They are the "silent generation," who, unlike the generation attending college in the 1960s, did not feel compelled to wrestle with the problems of the world, but only to carve out lives for themselves from the opportunities it had to offer them...
...higher, and last week's tightening of credit will undoubtedly push them up farther. Although housing prices actually declined during the past three months, the cost of a home is still at levels that would have been considered exorbitant just a few years ago. The median price of a home in March was $66,700, up 7% in the past twelve months. In 1971 the average price of a new house...
...would-be buyers now simply cannot afford the big down payment or steep monthly charges involved in those loans. Herman J. Smith, president of the National Association of Home Builders, says that only about 4% of first-time home buyers can qualify for a 15% mortgage on a median-priced house. Therefore, people are turning to so-called creative home financing...
There are 11,021 citizens in Greene County, Ala., and 78% of them are black. They mainly work the soybean and cotton fields that surround the tiny county seat of Eutaw. 80 miles southwest of Birmingham. Greene County is poor: the median per capita income is $4,019. But its black residents are proud of a civil rights revolution they helped create. Says John Kennard, the county's first black tax assessor: "One of the most cherished things our people have here in the black belt is the right to vote." TIME Atlanta Bureau Chief Joseph N. Boyce visited...
...Though job offers have leveled off at some institutions in this economically ambiguous year, the good M.B.A. schools have little difficulty placing their alumni-including the ambitious young women who now make up nearly one-third of the class-at starting salaries approaching $30,000. At Stanford, the 1980 median starting salary was $31,998, up 16% over the previous year. One Stanford graduate got a bid of $52,000. A Harvard graduate was offered $59,000. The students are correspondingly euphoric. Says Chicago's Geoffrey Faux, 26: "By going to an elite business school, I'm giving...