4 ms·
Where did you get the data on median net worth? I found this, https://en.wikipedia.org/wiki/List_of_countries_by_wealth_per_adult https://en.wikipedia.org/wiki/
by ask_b123 5y ago
Where did you get the data on median net worth? I found this, https://en.wikipedia.org/wiki/List_of_countries_by_wealth_per_adult https://en.wikipedia.org/wiki/List_of_countries_by_wealth_pe..., which states that the median U.S. net worth per adult is 79,274.
Following the references and links I ended up reading this: https://www.federalreserve.gov/publications/files/scf20.pdf https://www.federalreserve.gov/publications/files/scf20.pdf, on the top of page 6 there is an interesting tidbit:
> One liability of using the median as a descriptive device is that medians are not additive—that is, the sum of the medians of two items for the same population is not generally equal to the median of the sum (for example, median assets minus median liabilities will generally not equal median net worth). In contrast, means for a common population are additive.
- eldavido 5y agoI think that number was across the entire population, so includes children, etc. Probably came from either Piketty's Capital or something else (weekly reader of The Economist plus a lot of econ books) Still, 79k for adults, inclusive of retirement accounts, home equity, etc. really isn't much.