this post was submitted on 23 Aug 2024
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Is this the average of the total sum of income or the median income?
It's pretty clear in the title that's an average
Ok. Isn't that a pretty unreliable, without additional measure for income inequality?
It is adjusted for purchase power parity. Top right.
But that only allows comparison between different countries
The median or mode would also be needed to get the general view
"Average" can be an arithmetic mean, a median, a geometric mean, or even a mode.
Really??????
Yep.
https://en.wikipedia.org/wiki/Average