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Good point. But I wonder how much of the American wealth is gotten by raised property value which would also be considered “productive”. Half of my personal we
by danielscrubs 4y ago
Good point. But I wonder how much of the American wealth is gotten by raised property value which would also be considered “productive”.
Half of my personal wealth comes from owning an apartment.
- astrange 4y agoFor those who own a home it's most of it (data is in https://www.federalreserve.gov/econres/scfindex.htm https://www.federalreserve.gov/econres/scfindex.htm somewhere). I'm not sure how much measuring median personal wealth makes sense though - you can generally rely on household/family members/close friends in a way that's not measured. I'm sure children of billionaires have access to a lot of resources they don't own.