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> After all, the median (50%tile) wealth is nearly zero Median wealth in the US ~97k. It’s quite stunning one could think a society would work with the 50-perc
by thatfrenchguy 7y ago
> After all, the median (50%tile) wealth is nearly zero
Median wealth in the US ~97k. It’s quite stunning one could think a society would work with the 50-percentile being zero.
- cannonedhamster 7y agoMedian income in the US is much lower than 97k. It's around 65k. Median net worth is about 68k. Mean is slightly higher because the top .001 makes so much more than everyone else. It's definitely higher than zero. Not sure where your numbers came from?
- MR4D 7y agoAccording to Marketwatch [1] you are incorrect. The MEDIAN NET WORTH is $97,300. The MEAN is way higher at $692,100. Also, note that this figure varies considerably by age and education, as you might expect. [1] - https://www.nerdwallet.com/article/how-your-net-worth-compares-and-what-matters-more https://www.nerdwallet.com/article/how-your-net-worth-compar...
- thatfrenchguy 7y agoYeah, everyone knows means are lying, especially in super-unequal societies. No-one cares about the mean, you want to look at the distribution