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Are you really saying a statistic about wealth inequality shows exaggerated inequality because we have lots of people heavily in debt?
by max76 7y ago
Are you really saying a statistic about wealth inequality shows exaggerated inequality because we have lots of people heavily in debt?
- autokad 7y agothats only one issue, there are many others. there are also a ton of people who just dont save/invest any of their money, even those making 100k a year. furthermore, we are in a bit of bull market for stocks, which networth overly focuses on. also networth is just a terrible metric. it ignores income streams, it ignores things that produce income like degrees, etc. it over inflates paper wealth as mentioned before.
- max76 7y agoI understand that a person's networth isn't the same as their value. It's still a reasonable approximation of someone's current financial position.