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Performance Table. Underneath the line graph is a table showing the fund’s annualized (or average annual) returns for 1-, 5-, and 10-year (or for the life of the fund, if shorter) periods.
I hate when people us the term "average annual return" in place of "annualized return." The two are nowhere near synonymous.Somewhere I've still got M-W's 2nd unabridged, on onion skin (from my parents). The last edition before they started including slang. If I can find it (not likely), I'll see what it says.
If one insists that average means (no pun intended) arithmetic mean: What was the average annual return of a fund that produced 50% and -50% returns over the past two years? 0% or -13%? Sure it's still a mean, but it's not the "usual" mean.
As for me, I'm still bothered by flammable. I get inflamed whenever I hear it :-)
You are correct. I was thinking of union members.
Defined pensions are a thing of the past. Only about 5% of workers have them and 50% of those work for gov't.
Speaking of fuzzy statistics, this number sounds way off. Pensions are declining, but not nearly that fast. As of 2011, 18% of private sector workers had traditional pensions, and 78% of government workers had pensions. (I've no doubt the figures have dropped in the past five years, but not by 3/4).
Speaking of fuzzy statistics, this number sounds way off. Pensions are declining, but not nearly that fast. As of 2011, 18% of private sector workers had traditional pensions, and 78% of government workers had pensions. (I've no doubt the figures have dropped in the past five years, but not by 3/4).
Defined pensions are a thing of the past. Only about 5% of workers have them and 50% of those work for gov't.
That's a more accurate statistic. It's even worse that it looks when you consider that several millions of those people need food stamps while working. I agree with the sentiment - though IMHO it is better to try to give a hand up (however one feels that is best done) than to simply be thankful for one's own situation.
The only way I see people surviving with such small net worth is,social security, food stamps etc and living hand to mouth. 46 million use food stamps.
This should give those of us with substantial net worth, SS and pensions pause to appreciate what we have.
Human capital is not a part of one's net worth... Regardless, if accurate, these numbers are embarrassing...The article is misleading because it omits "human capital"- the present value of all future income earned from labor". For most young people, human capital far exceeds their actual capital. Even for many seniors, human capital is not zero- some seniors are still working in their seventies and even eighties.
A look at the word “average”, American Mathematical Society Blogs (May 12, 2012):I know you know this Hank but these values (medians) are not averages, they are just the middle.
Indubitably.Average "has three mathematical meanings: it could be mean, mode, or median. This suggests that confusion, intentionally or not, is likely to happen when the word is used."
Defined pensions are a thing of the past. Only about 5% of workers have them and 50% of those work for gov't.If the figure above is representative of US general population, we are in trouble unless the they have a healthy social security and generous pension.
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