[Bigiron]

Analysis: Why official data on rising 2023 median household income may not square with everyone's experience

One academic told TODAY that the 2.8 per cent rise in median household income for 2023 is a “summary statistic”, which is not meant to represent every Singaporean household. “This is not an indication that the figures are fake or are inaccurate... just that some of these aggregate stats need a bit more nuance."

🔗 https://tdy.sg/3wb9LUX

@todayonlinesg

[sgh]

Notice they use the word median? In statistics world median,average etc has subtle differences