Word: medians
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...trend extended to public universities, where the median presidential salary jumped 10 percent to $360,000. Still, presidents at private research universities earned far more, with a median salary...
...individuals, markets are beginning to offer potentially useful opportunities to hedge risk in their lives. Do you think the real estate market is going to crash and take your house with it? HedgeStreet.com lets you take a position on the median home price in a number of large cities by matching your bet in a "hedgelet" against someone with the opposite opinion. Similarly, you can hedge the price of gasoline, mortgage rates or inflation rates. Wolfers believes that individuals will ultimately be able to use markets to hedge everything, even their own employability...
...come from a family earning under $36,000, it's 1 in 17. People at the top of the income scale pass down the skills one needs to thrive in this economy to their kids who get into Harvard--where the median student comes from a family making $150,000 a year--and they go on to an affluent suburb. And they pass it down, so you get really good public high schools, and people there are more likely to marry people like themselves...
...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...