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It looks like[1] combining the bottom 10% gets you a substantially negative number, such that even the bottom 1% have more wealth than the bottom 10% combined.
by ToValueFunfetti 2y ago
It looks like[1] combining the bottom 10% gets you a substantially negative number, such that even the bottom 1% have more wealth than the bottom 10% combined.
[1] https://dqydj.com/net-worth-percentiles/ https://dqydj.com/net-worth-percentiles/ under "Household Net Worth Percentiles for the United States in 2020"
- oskarkk 2y agoHuh, that's an interesting paradox, I've never thought about this in this way.
- naming_the_user 2y agoThe bottom and top 10% of most groups are going to be odd in this way. Imagine if you took the entire population and asked them to run a 10k. It's very likely that 10% couldn't even finish it whereas the top 1% would be close to race pace.