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> averages strike again. My comment said "median" explicitly The number was for household wealth. I think you're looking at individual wealth, which would nat
by Aurornis 3mo ago
> averages strike again.
My comment said "median" explicitly
The number was for household wealth. I think you're looking at individual wealth, which would naturally be lower because it's spread across more people.
Source: https://www.federalreserve.gov/econres/scf/dataviz/scf/table/#series:Net_Worth;demographic:all;population:all;units:median https://www.federalreserve.gov/econres/scf/dataviz/scf/table...
The average (mean) is closer to $1 million per family, but that's not a useful number.