5 ms·

Now do it with the median.

• esoterica 7y ago
  The point of using the average is to evaluate the hypothetical where all the wealth in the country were distributed evenly (and many of the people who claim to be victims of inequality would actually be worse off in a truly equal society).
  • 6gvONxR4sf7o 7y ago
    The average wealth is the 84th percentile wealth. If everyone became worth $677k, 84% of people would be better off (inflation aside).
    • esoterica 7y ago
      That is true, but people in the 90th, and 95th and sometimes the 99th percentiles still complain about how oppressed they are because billionaires exist.