It’s important to remember that the Census Bureau revises median income numbers twice a year: May 1st and November 1st. If your income is close to the current median income amounts and you are planning on filing bankruptcy around either of those times, make sure you check with your lawyer...
The median tells you where the middle of a data set is. It’s used for many real-life situations, like Bankruptcy law, where you can only claim bankruptcy if you are below themedian income in your state. Themedian formulais {(n + 1) ÷ 2}th, where “n” is the number of items ...
115 Responses to “Financial land of perpetual bubbles – California technology, real estate, and now higher education bubbles. In 1980 the median California household income would have purchased 17 UC bachelor’s degrees. Today it can bar...