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by theGnuMe
1155 days ago
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Ok so talk about the median that should be sufficient. I think average is appropriate here because the outliers are rare. Not many people rack up 200k in debt with nothing to show for it. Apart from extremely pricey art institute degrees (whose absolute numbers are low) I don't see an issue. Median debt is $20k. Avg debt is $37k. The college wage premium is about 30k. A new car is $45k. |
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Citation needed. Numerically, what does "rare" and "Not many" mean?