Word: medians
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...negative externality that will result from the presence of the Holmes project is homogeneity. In the past, residents and tourists alike have been able to find a wide selection of goods in Central Square. However, when nationwide chain stores enter the neighborhood to satisfy only the needs of a "median consumer" (i.e., a typical household with median income and two children), goods become homogenous and reflect fewer of the extreme tastes that are appealing to minority shoppers (e.g. rebellious teens...
With a history of high unemployment rates and a median household income of $22,647, New Bedford's city leaders were not shocked by this year's numbers...
...past decade has seen a 52% increase in the number of black managers, professionals, technicians and government officials. The gap between black and white median income is wider now than in the late 1970s--largely because blacks did not recover from the last recession as completely as whites did. Still, roughly one-third of all black households have solidly middle-class incomes of $35,000 or more, compared with about 70% of all white households. Blacks manage the department stores that once rejected their patronage. They make decisions at cor- porations where once they worked only on assembly lines. They...
...Milwaukee, she noted, the median income of families receiving vouchers is currently...
...faces greater risk of unemployment than otherwise comparable whites. Far more important, however, are four considerations. As sociologists Melvin Oliver and Thomas Shapiro established in their award winning book, Black Wealth/White Wealth, the black middle class possess a fraction of the assets held by comparable whites. For example, the median level of wealth in white households they reported as $43,800, compared to only $3,700 in black households. In terms of net financial assets (subtracting debts) the respective figures are $6,999 to zero! Taking a college degree as an indicator of middle class status, Oliver and Shapiro show...