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Also in that bucket: - Average is one of the worst ways to measure wealth (use Median) - Wealth is typically tied up in illiquid assets (e.g. housing), making
by antisthenes 4mo ago
Also in that bucket:
- Average is one of the worst ways to measure wealth (use Median)
- Wealth is typically tied up in illiquid assets (e.g. housing), making people feel trapped or anchored to a place that may not be economically mobile (e.g. rural)