zlacker

Why is average still such a persistent metric though? Isn't median more representative of an individidual's actual purchasing power?

If they paired average metrics with gini coefficient, I'd be happy

>>tetris+(OP)
What would be your recommended way to combine them? Or just show them separately?

>>tetris+(OP)
NB: "average" can mean any of three measures of central tendency: the mean (sum/count), the median (middle value), or the mode (most frequently occurring value). All three may be valid choices in specific contexts.

Whilst it's common to interpret "average" as "mean", this isn't strictly accurate or reliable.

The Economist's article errs in failing to distinguish which measure of central tendency is actually meant by "average".

>>__mhar+za
show them separately - high mean, high Gini, and let the reader figure it out