Word: medians
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...about how wage structures work, they denounce capitalists. Instead, they work backwards to determine that the “living wage” of a single adult with two children in Boston is $29.64 per hour, an annual income of $62,589, which is about 135% higher than the median household income in the U.S. Boston on a whole has slightly higher wages—the median was $52,792 per year in the 2000 census for the metropolitan area—but whatever benchmark is used, SLAM’s figure is inflated. While many on campus agree that...
Harvard College’s current annual price tag amounts to nearly two-thirds of the median household income in the United States, which was $65,093 in 2006 according to the US Census Bureau. In 1970, Harvard cost $4,070, which was less than half of the median family income, then...
...still growing, and long-term interest rates have begun to fall. Meanwhile, history suggests that the longer and steeper a market bust, the longer and more robust the recovery. And the 2000-02 decline was one for the ages: the S&P 500 fell 49%, vs. the bear-market median decline...
...SURVEY found that Yale's Class of 2006 graduated with a median grade point average between 3.6 and 3.7. The paper asked 400 newly minted Elis to anonymously report their GPAs online, and 50% responded. (Props for noting the response rate could skew the results.) The conclusion's right there in the headline: "Poll suggests grade inflation...
...Median price of a U.S. single-family home in August, down 1.7% from a year ago. It's the first annual drop since...