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Pretty sure it's retirees. They have low income because they are not working. But many of them are very well off. The rich retirees skew the average up even tho
by jhp123 3y ago
Pretty sure it's retirees. They have low income because they are not working. But many of them are very well off. The rich retirees skew the average up even though most of the bottom 80% have little investment income.
- embersbreaking 3y agoInteresting, I just pulled this the other day. Average (mean) bottom-20 household has 18 K in checking deposit assets and 200 K in total assets. even while that quintile’s income caps at $32K. America is a very rich country…
- acdha 3y agoDo you remember where you saw that? The Census figures are much lower: $11k total assets at the 25th percentile, $-1.5k at the 10th. https://www.census.gov/content/dam/Census/library/publications/2022/demo/p70br-181.pdf https://www.census.gov/content/dam/Census/library/publicatio...
- embersbreaking 3y agoHave fun...! https://twitter.com/asymptosis/status/1755563199238431211 https://twitter.com/asymptosis/status/1755563199238431211 https://twitter.com/asymptosis/status/1755633196522409995 https://twitter.com/asymptosis/status/1755633196522409995