Word: medians
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...this is the "trap" of the title. Parents naturally want their kids to get a good education. Trouble is, with so many failing schools, they have to be selective about where they live. The result: bidding wars for homes in the best school districts have pushed up the median price of housing for couples with children 79% between 1983 and 1998, handily outpacing income growth over the same period. (Prices for homes suitable for childless couples rose only 23% during that time...
...Median net worth of someone born between 1957 and 1964 who grew up as an only child...
...Median net worth of someone who grew up with one sibling...
...Median net worth of someone who grew up with six or more siblings...
...cycles of low rates, squeezed profits and price hikes in the mid-1970s and again in the mid-'80s. Zuk, who enrolled in law school in the '70s just to learn torts, says ballooning malpractice claims make the current crisis worse than previous ones. From 1997 to 2001, the median malpractice jury award doubled, to $1 million, but that counts results only in the 1% of lawsuits that are won by plaintiffs. The number of malpractice suits has remained stable, and although some states have seen sharp jumps, the average claim payment has grown about 8% a year, close...