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AVB Offline
#1 Posted: Thu, Aug 26 2004, 7:43 AM EST
Joined: 05-21-2003
Posts: 995
how well things are going. I'm really glad we are in a (cough cough) recovery.

WASHINGTON - The number of Americans living in poverty increased by 1.3 million last year, while the ranks of the uninsured swelled by 1.4 million, the Census Bureau (news - web sites) reported Thursday.

It was the third straight annual increase for both categories.
usahog Offline
#2 Posted: Thu, Aug 26 2004, 8:03 AM EST
Joined: 12-06-1999
Posts: 22,691
news source link??

and tell me.. how many of these folks really want to work?? how many of them still carry a drivers liscense?

I'm sitting her retarded/retired waiting to see if this retirement check really is going to kick in.. I've had 4 offers to go to work since July 30th... I did not turn down these offers I just let them know if the offer still stands in a month or two I'll be more then interested...

Hog
AVB Offline
#3 Posted: Thu, Aug 26 2004, 8:09 AM EST
Joined: 05-21-2003
Posts: 995
It says right in the story the Census Bureau reported this but if you need to check.
http://story.news.yahoo.com/news?tmpl=story&cid=542&ncid=542&e=1&u=/ap/20040826/ap_on_go_ca_st_pe/census_poverty
Sylance Offline
#4 Posted: Thu, Aug 26 2004, 8:42 AM EST
Joined: 06-19-2003
Posts: 592
This definitely isn't good news for Bush, but I find it interesting the median household income hasn’t changed. How can this be if there are more people in poverty… unless there are more people above poverty as well. But how many????

___________________________________________________________________________
Quote:

“Meanwhile, the median household income (search), when adjusted for inflation, remained basically flat last year at $43,318."
uncleb Offline
#5 Posted: Thu, Aug 26 2004, 12:00 PM EST
Joined: 11-13-2002
Posts: 1,326
All that would have to happen to keep the median income to stay unchanged is for those above the median to make even more above the median while those below make even less.
Sylance Offline
#6 Posted: Thu, Aug 26 2004, 1:52 PM EST
Joined: 06-19-2003
Posts: 592
uncleb,

I’m sorry… you must be confusing ‘median’ with ‘mean.’ Let me explain…

me•di•an ( P ) Pronunciation Key (md-n)
adj.
1. Relating to, located in, or extending toward the middle.
2. The middle value in a distribution, above and below which lie an equal number of values.

Medians are not affected by the actual value of numbers as much as they are the ‘quantity’ of the values. This very fact is why a median is more valuable than an average… or mean. A mean is more susceptible to special cause numbers that are really high or really low whereas a median is a more accurate measure when dealing with large quantities.

Bottom line is this… if I have three numbers that are 2, 4, and 10 the mean is 8 and the median is 4. If I have three numbers that are 2, 4, and 1000 the mean is 503 and the median is still 4.
Charlie Offline
#7 Posted: Thu, Aug 26 2004, 2:41 PM EST
Joined: 06-16-2002
Posts: 39,751
Good one, Sylance

Charlie
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