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If you're interested in the topic, you'd probably want to look at the source the article cites: https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribut
by throw149102 5y ago
If you're interested in the topic, you'd probably want to look at the source the article cites:
https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/chart/#quarter:127;series:Corporate%20equities%20and%20mutual%20fund%20shares;demographic:networth;population:all;units:shares;range:1989.3,2021.2 https://www.federalreserve.gov/releases/z1/dataviz/dfa/distr...
The raw data isn't biased or opinionated, and is a better source when thinking about wealth/income inequality.
- OldHand2018 5y agoHa, you beat me to it. It would be really nice if there was a chart that indicated who was in what category - Household wealth of $X or greater puts you in the top 10%. But even that needs some more information. How are houses counted? I've seen some that say that the primary home is excluded and I've seen some that say that the equity in the primary home is included.