Why all this talk about the “median” income?
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Why all this talk about the “median” income?

The US Census Bureau released figures yesterday showing that, in 2015, the median annual household income in America increased by 5.2% over a year earlier. That’s an increase of $2,798, to $56,516 per year. Why talk about the “median” and how is that different from an average? I’ll explain. Put simply, when you’re talking about income, the…