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Go to the source and do percentiles of net worth https://www.federalreserve.gov/econres/scf/dataviz/scf/chart/#series:Net_Worth;demographic:nwcat;population:4;u
by renewiltord 3y ago
Go to the source and do percentiles of net worth https://www.federalreserve.gov/econres/scf/dataviz/scf/chart/#series:Net_Worth;demographic:nwcat;population:4;units:median;range:1989,2022 https://www.federalreserve.gov/econres/scf/dataviz/scf/chart...
In the 75-90th percentile of net worth, the median net worth is over a million. So that means that in the 82.5th percentile onwards, it exceeds a million dollars. There are 131 million households in the US. That's 23 million millionaires.
U-S-A U-S-A U-S-A
Of course, this does mean something quite interesting. If each American millionaire gave up $10k, that would be equal cash accumulated to buy out Elon Musk's net assets at current market price. That means, interestingly, that all the things people are upset that a multi-billionaire like him don't do, we could do if we all felt like it.
The truth is we don't feel like it. I certainly don't. I want to keep my $10k :)
- deleted 3y ago[deleted]