Proof that you can have nearly 300k Twitter followers and still not understand what a median is.
@dollarsanddata I recommended your book to my Behavioural Finance class today. We were focusing on financial literacy and thought that yours was a good fit for the Gen Z students
@dollarsanddata It is hilarious. But at total credit card debt of way over $1 trillion (and rising), these two statements can both be true: * Median US household credit card debt is $0 * Tens of millions of US people are f**ked with unmanageable credit card debt
@dollarsanddata What does that chart have to do with this question?
@dollarsanddata And also copy and paste the definition but not comprehend it.
@dollarsanddata Perhaps you’ve already litigated this in the comments. I’m traveling and not in a position to dig in, but I’m very curious to know precisely what your stat measured: Is it Median CC balance among all cards held by household. or Median total CC balance of household.
@dollarsanddata She clearly doesn’t understand median but the definition she copied and pasted is correct. The median is the point at which the CDF = .5