Comment by twoodfin
5 days ago
AFAICT, the numbers Matt’s referencing include Whole Foods so that’s a Whole Foods + Amazon.com $3,000.
Frankly, I think a lot of people have lost perspective on just how rich the average American household is: Around $145k annual income.
Not shocking that Amazon is capturing 2% of that gross.
You’re way off the median household income is $80K
https://dqydj.com/household-income-percentile-calculator/
Median isn’t the average and Matt was computing the average household Amazon spend.
The mean is almost always a meaningless statistics. It only takes a few people to buy stuff like this to skew it.
http://www.sellersprite.com/en/blog/most-expensive-thing-on-...
6 replies →
It actually is for the normal distribution.
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You're conflating two different things, but what you point out is still useful because it suggests that there are a few people on the higher end who make a LOT more and are dragging the mean up when compared to the median. The mean is probably not as indicative of the fortunes of most Americans as GP suggests. $3000 is a lot of money for most families, but there are a few for which it's increasingly not only inconsequential, but more like a rounding error.