General Discussion

hedgehog

(36,286 posts)

17. hi Nadin! I think you're running up against the difference between average and median.

Sat Oct 26, 2013, 05:19 PM

Oct 2013

If ten people get $100 and four people get $1000, then the average would be $357.14, way more than some are getting, way less than the rest. The median ( I think) would be $100. I've always been a little fuzzy on median, but it's an attempt to represent the most typical number.

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Average monthly benefit for retirees on Social Security $1,230. [View all] nadinbrzezinski Oct 2013 OP

Chained CPI makes good sense because we know that in the future DURHAM D Oct 2013 #1

This is THE NUMBER that people should have in mind nadinbrzezinski Oct 2013 #3

Most could use an extra thousand a month for a quality of life Cleita Oct 2013 #2

Well you agree with that commie Bernie Sanders I see nadinbrzezinski Oct 2013 #5

... Cleita Oct 2013 #12

A one-time 100% COLA increase on our SS.... Buddha_of_Wisdom Oct 2013 #27

$2200 is almost the top of the mark.......$2533. Historic NY Oct 2013 #29

At the very least cap should be raised nadinbrzezinski Oct 2013 #32

How about we chain Congressional salary to average income? Downwinder Oct 2013 #4

You mean this? nadinbrzezinski Oct 2013 #6

Sadly So Many Don"t Get One Grand A Month grilled onions Oct 2013 #7

Average means exactly that nadinbrzezinski Oct 2013 #9

That's not what average means. Thank you for demonstrating the biggest problem we have Egalitarian Thug Oct 2013 #14

I get Social Security disability Buddha_of_Wisdom Oct 2013 #28

And your edit shows that ..... oldhippie Oct 2013 #30

'average' doesn't imply half get more, half get less, that would specifically be the 'median'. PoliticAverse Oct 2013 #33

You might want to argue with Social Security nadinbrzezinski Oct 2013 #35

that is because when one uses average one typically means the mean dsc Oct 2013 #36

As I said somewhere else nadinbrzezinski Oct 2013 #37

there is nothing to argue with. The SS administration is using the mean, not the median magical thyme Oct 2013 #38

And they are using the word average nadinbrzezinski Oct 2013 #40

they are using the word average as a synonym for mean magical thyme Oct 2013 #49

Which is the point I have been making to the grammar police nadinbrzezinski Oct 2013 #52

You appear to be the only one confused muriel_volestrangler Oct 2013 #54

It's not a matter of grammer, it is a matter of right and wrong, that's math. Egalitarian Thug Oct 2013 #56

The SSA is using average as a synonym to mean. tammywammy Oct 2013 #57

At least the grammar police don't show up to your door snooper2 Oct 2013 #61

Average means nothing like that. Dreamer Tatum Oct 2013 #55

Much too late oldhippie Oct 2013 #59

Copying. Brickbat Oct 2013 #63

This message was self-deleted by its author BKLawyer Oct 2013 #64

I receive a over $1400 and after Medicare deduction RebelOne Oct 2013 #8

I know, and if you live in places with high cost of living nadinbrzezinski Oct 2013 #10

I live in Georgia, and the cost of living is low RebelOne Oct 2013 #26

Mine's $300 a month less. hobbit709 Oct 2013 #11

That is why the number is average nadinbrzezinski Oct 2013 #13

hi Nadin! I think you're running up against the difference between average and median. hedgehog Oct 2013 #17

I am using the colloquial defintion of the term nadinbrzezinski Oct 2013 #18

I think the important point is that some earn above average, and others below average! hedgehog Oct 2013 #21

Agreed nadinbrzezinski Oct 2013 #23

regardless of how *you* are using the term, the SS administration is using the word average magical thyme Oct 2013 #39

Did I miss the word *average* in the SS site? nadinbrzezinski Oct 2013 #41

Yes, but average does not mean that half make over and half make under Yo_Mama Oct 2013 #42

The SS system does not use mean nadinbrzezinski Oct 2013 #44

It's not semantics - your math is wrong Yo_Mama Oct 2013 #47

Go argue with the SS administration. nadinbrzezinski Oct 2013 #48

No they do not mean "average" as a synonum for "median" magical thyme Oct 2013 #50

No they aren't using the word average that way. tammywammy Oct 2013 #58

It should be pretty obvious by now ..... oldhippie Oct 2013 #60

I think it's called... sweetapogee Oct 2013 #62

.... Liberal_in_LA Oct 2013 #45

I think instead of discussing chained CPI, we need to address the reality that for many (most?) hedgehog Oct 2013 #15

Agreed. nadinbrzezinski Oct 2013 #16

Total or near total, and that number will keep increasing. Yo_Mama Oct 2013 #43

I know several who get less grasswire Oct 2013 #19

Thank you for that example - I knew it was true, but didn't have the numbers! hedgehog Oct 2013 #22

When you have policy makers not even knowing that base number nadinbrzezinski Oct 2013 #24

Chained CPI > BAD handmade34 Oct 2013 #20

Gotta cut entitlements 'cause that was the Simpson-Bowles answer to all that ails us, surely indepat Oct 2013 #25

Mine is six hundred a month easttexaslefty Oct 2013 #31

As to the President's specific chained CPI proposal, you can find it here... PoliticAverse Oct 2013 #34

i get a little over 750 a month madrchsod Oct 2013 #46

Time To Mount A "Lift The Cap" Campaign...... global1 Oct 2013 #51

Yup, said as much on my blog. nadinbrzezinski Oct 2013 #53

Two things ... BKLawyer Oct 2013 #65

1.- eliminate the cap, agreed nadinbrzezinski Oct 2013 #66