Mean vs. Median Income

Reading Time:

In countries with relatively low income inequality (e.g. the Slovak Republic), the gap between the mean and median income is small:

Look more to the south, and the difference between the mean and median income in Italy is almost 200 dollars (per month):

In the United States, the difference is about 500 dollars in monthly terms (~6000 dollars, annualized):

Median income in 2015 is extrapolated, but it is estimated to be still below its 2006 level...

The UK is interesting, as it seems to be a case where the gap between these summary statistics has shrunk:

All data were generated via

Dispirited Europe, part IV: Economics, populism & Brexit

Low blood pressure? One remedy is reading news from Europe: Macroeconomic problems Poul Thomesen, in charge of the Greek / IMF program: “no amount of pension reforms...

Houses with price tags of islands: Real Estate in China

On Friday, May 1st (2015), the following words appeared in a corner of the front page of the Financial Times: "Something is wrong when a...