4 ms·
It makes the results much more striking, even more at the top than the bottom, but not necessarily in a bad way. Raw percentiles aren't representative (e.g, kno
by pesenti 10y ago
It makes the results much more striking, even more at the top than the bottom, but not necessarily in a bad way. Raw percentiles aren't representative (e.g, knowing that the bottom 50% makes $50K and lower doesn't tell the full picture). I do think that using "median" rather than "average" would be better (though a bit trivial, median of "top 10%" is the raw 95th percentile). Also, by using "average" it is possible to match them directly to the "share of total wealth" numbers.