3 ms·
class, wealth, and income are all distinct concepts. imo you're better off being more specific if you really mean wealth or income buckets. taken alone, wealth
by leetcrew 7y ago
class, wealth, and income are all distinct concepts. imo you're better off being more specific if you really mean wealth or income buckets. taken alone, wealth throws away some important information. a retired couple worth $500k (roughly 80th percentile household net worth) is living a very different life than a twenty something who already has that in the bank.
- clairity 7y agoyes, i almost added a tangent about income, but really, that's at best second-order effect--class mobility has been dempened over those 50 years and doesn't make much difference except at the margins.