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Yes, the Wikipedia article I posted refutes the article's claim and does so with data.
by malvosenior 7y ago
Yes, the Wikipedia article I posted refutes the article's claim and does so with data.
- jfim 7y agoWhich part of the Wikipedia page you linked to refutes the article? If anything, the figures in the Wikipedia page corroborate the article. For example, this one shows net worth broken down by age range. https://en.m.wikipedia.org/wiki/File:U.S._Income_and_Net_Worth_Distribution.png https://en.m.wikipedia.org/wiki/File:U.S._Income_and_Net_Wor... You can see that the median net worth of households below 35 gained a paltry 4% in net worth, while the 35-65 cohort gained 2-6x times that. If you look at the mean net worth, it's even more skewed.