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Wealth distribution isn't the same as wealth though.
by forensic 16y ago
Wealth distribution isn't the same as wealth though.
- gnosis 16y agoI'm not sure what you're getting at by pointing out this obvious difference. Could you elaborate?
- forensic 16y agoYou said "I'd be much more interested in seeing the differences in median wealth (for the population as a whole, and broken down by race/ethnicity), adjusted for inflation." Which I agree with wholeheartedly. But then to my disappointment, you posted information about wealth distribution rather than median wealth. I got the impression you were saying that wealth distribution says something about median wealth. I don't think it does. The wikipedia links were good though, so thanks.
- jongraehl 16y agoKnowing a distribution, you know its median. Even if you just know the weight in a quantile (e.g. X% of wealth is in the hands of the top Y% of people), then you can upper bound the median wealth once you know per-capita wealth. And if you're willing to make some assumption about the general shape of the distribution, knowing it tells you even more.
- bricestacey 16y agoYour original comment is about relative wealth. Therefore, I think his point is that your original comment is irrelevant in the context of a 6x increase in wealth.