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Notice removed Needs citation by Oddthinking♦
added sources for the numbers in the original question that are correct
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If the original question had instead been about wealth instead of income, one piece of the claim would be vaguely true:

Average wealth per household was $1.1M in 2022. ExcludingThere are around 130m households in the US in total, giving a total wealth of $143 trillion. The 10 wealthiest households reduces this number by approximatelywealthiest individuals have a combined wealth of around $1.2 trillion. So if one excludes them, the average household wealth is around 1% or $10,000 less, but put another waythese $10, there is less than a 1% reduction by excluding000 are presumably the 10 wealthiest householdssame as quoted in the original question.

For comparisonBy similar computations, excluding the 50/1000 wealthiest households reduces the average wealth per household by $25,000/ $40,000. This is not too surprising if one looks at the median wealth per household, which is $141,000 (same source).

If the original question had instead been about wealth instead of income, one piece of the claim would be vaguely true:

Average wealth per household was $1.1M in 2022. Excluding the 10 wealthiest households reduces this number by approximately $10,000, but put another way, there is less than a 1% reduction by excluding the 10 wealthiest households.

For comparison, excluding the 50/1000 wealthiest households reduces the average wealth per household by $25,000/ $40,000. This is not too surprising if one looks at the median wealth per household, which is $141,000 (same source).

If the original question had instead been about wealth instead of income, one piece of the claim would be vaguely true:

Average wealth per household was $1.1M in 2022. There are around 130m households in the US in total, giving a total wealth of $143 trillion. The 10 wealthiest individuals have a combined wealth of around $1.2 trillion. So if one excludes them, the average household wealth is around 1% or $10,000 less, these $10,000 are presumably the same as quoted in the original question.

By similar computations, excluding the 50/1000 wealthiest households reduces the average wealth per household by $25,000/ $40,000. This is not too surprising if one looks at the median wealth per household, which is $141,000 (same source).

Notice added Needs citation by Oddthinking♦
Original answer used 2019 figure + link; updated to most recent. Expanded answer to include not only raw difference but also % difference which may be more important to many readers. To keep complexity down covered 10 richest first, as the original question title asked; moved top 50/100 to next para
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quarague
quarague
  • 1.9k
  • 11
  • 15

If the original question had instead been about wealth instead of income, one piece of the claim would be vaguely true:

Average wealth per household was $1.1M in 2022. Excluding the 10 wealthiest households reduces this number by approximately $10,000, but put another way, there is less than a 1% reduction by excluding the 10 wealthiest households. If the reader thought the $9.5K claimed income drop was significant because it claimed a ~13% drop, it might be less significant that the wealth drop is <1% (even if the average wealth drop in raw dollars is higher).

For comparison, excluding the 50/1000 wealthiest households reduces the average wealth per household by $25,000/ $40,000. This is not too surprising if one looks at the median wealth per household, which is $141,000 (same source).

If the original question had instead been about wealth instead of income, one piece of the claim would be vaguely true:

Average wealth per household was $1.1M in 2022. Excluding the 10 wealthiest households reduces this number by approximately $10,000, but put another way, there is less than a 1% reduction by excluding the 10 wealthiest households. If the reader thought the $9.5K claimed income drop was significant because it claimed a ~13% drop, it might be less significant that the wealth drop is <1% (even if the average wealth drop in raw dollars is higher).

For comparison, excluding the 50/1000 wealthiest households reduces the average wealth per household by $25,000/ $40,000. This is not too surprising if one looks at the median wealth per household, which is $141,000 (same source).

If the original question had instead been about wealth instead of income, one piece of the claim would be vaguely true:

Average wealth per household was $1.1M in 2022. Excluding the 10 wealthiest households reduces this number by approximately $10,000, but put another way, there is less than a 1% reduction by excluding the 10 wealthiest households.

For comparison, excluding the 50/1000 wealthiest households reduces the average wealth per household by $25,000/ $40,000. This is not too surprising if one looks at the median wealth per household, which is $141,000 (same source).

Original answer used 2019 figure + link; updated to most recent. Expanded answer to include not only raw difference but also % difference which may be more important to many readers. To keep complexity down covered 10 richest first, as the original question title asked; moved top 50/100 to next para
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edit approved Sep 8 at 9:16
user14325327
edit approved Sep 8 at 9:16
user14325327
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If one replaces average income with average wealth something vaguely similar toIf the original question had instead been about wealth instead of income, one piece of the claim iswould be vaguely true.:

Average wealth per household is $869,000 (source)Average wealth per household was $1.1M in 2022. Excluding the 10/50/1000 wealthiest households reduces this number by approximately $10,000, but put another way, there is less than a 1% reduction by excluding the 10 wealthiest households. If the reader thought the $9.5K claimed income drop was significant because it claimed a ~13% drop, it might be less significant that the wealth drop is <1% (even if the average wealth drop in raw dollars is higher).

For comparison, excluding the 50/1000 wealthiest households reduces the average wealth per household by $25,000/ $40,000. This is not too surprising if one looks at the median wealth per household, which is $141,000 (same source).

If one replaces average income with average wealth something vaguely similar to original claim is true.

Average wealth per household is $869,000 (source). Excluding the 10/50/1000 wealthiest households reduces this number by approximately $10,000/ $25,000/ $40,000. This is not too surprising if one looks at the median wealth per household, which is $141,000 (same source).

If the original question had instead been about wealth instead of income, one piece of the claim would be vaguely true:

Average wealth per household was $1.1M in 2022. Excluding the 10 wealthiest households reduces this number by approximately $10,000, but put another way, there is less than a 1% reduction by excluding the 10 wealthiest households. If the reader thought the $9.5K claimed income drop was significant because it claimed a ~13% drop, it might be less significant that the wealth drop is <1% (even if the average wealth drop in raw dollars is higher).

For comparison, excluding the 50/1000 wealthiest households reduces the average wealth per household by $25,000/ $40,000. This is not too surprising if one looks at the median wealth per household, which is $141,000 (same source).

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