Word: medians
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...PAYS TO BE A BOY Today's parents are more generous to their children. A study of almost 9,000 kids ages 12 to 16 found that they had a median weekly spending allowance of an astounding $50. A wage gap, however, shows up early in life. Even though the top 10 allowance-earning chores are the same for both, boys are paid more on average than girls for the same jobs, according to allowancenet.com Monetary rewards for good report cards are gender neutral...
...chance of surviving in the local economy. Affordable housing is generally defined as housing that costs less than 30 percent of income, so a subcontracted dining hall worker making $6 an hour and raising one child would be looking to pay about $288 per month in rent. Unfortunately, the median rent for a two-bedroom apartment in our area is actually $1,400 per month. Even if this worker took a second full-time job and was lucky enough to find the cheapest possible housing, rent would still amount to nearly half of the pre-tax income. Add to that...
...Harvey C. Mansfield Jr. '53, is that Harvard has no Division I sports teams. (Apparently lacrosse and swimming don't factor into his equation. Hockey, at least, merits a brief mention: "I'm so glad that so many of these Canadian semi-pro hockey players can all score the median 1480 SAT to get into Harvard," Wolfe chided a Kennedy School gathering). More specifically Harvard was not groomed with the state school charm where Division I basketball players and footballers strut like kings, secure in the knowledge that the university holds them in even higher esteem than its president...
These shows of restraint may signal a turnaround from the whopping tuition increases of recent years, as some schools now consider using their endowments to control price hikes. Since 1980, college costs have more than doubled, after adjustment for inflation, while the median income of families with college-age children has increased only 12%. Last year tuition rose an average of 4.6%, the lowest jump in 12 years--but still more than twice the rate of inflation. "Remaining affordable for middle-class parents is the 800-lb. gorilla facing colleges and universities," says Terry Hartle, senior vice president...
...rest, who do not live with their grandkids, 69% see a grandchild at least once a month--and 44% see one at least once a week. Half the seniors say they often act as a companion or friend to the grandkids. And grandparents also like to spend a yearly median of $489 on them...