Word: medians
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...compared with, say, 40 million Hispanics, but consider how premium a customer a South Asian is: Indians alone commanded $76 billion worth of disposable personal income last year, according to market-research firm Cultural Access Group, using figures from the University of Georgia's Selig Center for Economic Growth; median household income is nearly $64,000--50% higher than the national average. The U.S. has always welcomed the world's poor and working classes. India has sent its professionals...
...median educational debt for the graduates of the Class of 2004 who took out loans was approximately $8,000. According to Donahue, about 1,500 Harvard undergraduates use federal loans to help finance their education...
Younger people are staying single by postponing marriage. Couples are taking their vows more than two years later on average than they were just 15 years ago: the median marriage age is 23.3 years for women, highest in U.S. history, and 25.5 for men, just below the 26.1-years average at the turn of the century. High rents are also forcing young adults to remain at home. Among 18- to 24-year-olds, 62% of men and 47% of women still live with their parents--a mixed blessing that neither parents nor restive children may prefer. "Home is where...
...social legacy of two decades of change will continue to show its effects, demographers say. The older median marriage age translates into fewer children and a diminished demand for schools. The decrease in household size--from an average 3.14 people in 1970 to 2.69 this year--has fueled a prolonged boom in apartment rentals, health clubs and upscale restaurants, and a corresponding, disturbing decline in the national savings rate. The single life is more expensive, notes Economist George Sternlieb of Rutgers University: "There's nobody to share the telephone bill with. With no one to cook at home, singles...
Which brings us back to asking why a ballroom contest is so popular. Census figures quickly dispel my first theory--that the median age of Americans is actually 73. Still, there is no other prime-time show so determinedly unhip. Where American Idol has Ryan Seacrest, Dancing has Hollywood Squares' Tom Bergeron. Where Idol's Simon Cowell snipes put-downs, judge Len Goodman has such quaint British diction you could imagine him reporting from London during the Blitz. The theatrics and costumes (former New Kid on the Block Joey McIntyre jived in a G.I. outfit) would embarrass an Ice Capades...