Income distributions almost always have a positive skew (since there are only a few very wealthy people).Therefore,the preferred measure of central tendency for this variable would be the

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Since income distributions have a positive skew, the mean can be heavily influenced by the few very high earners, giving an inaccurate representation of the central tendency. Therefore, the median is a better measure of central tendency as it is not affected by extreme values and represents the midpoint of the income distribution. The mode may not be useful in this scenario, as there may not be a clear or meaningful peak in the income distribution.

Income Distributions Almost Always Have a Positive Skew (Since There