The Federal Reserve Survey of Consumer Finances reported that median household net worth was $91,700 and mean household net worth was $421,500 in 2001. Explain how it is possible for the median net worth to rise 5% from 2001 to 2009 (see the prior question) but mean net worth to rise by 14%.
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here