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You 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 f
by forensic 16y ago
You 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.