Timeline for Does the average income in the US drop by $9,500 if you exclude the ten richest Americans?
Current License: CC BY-SA 4.0
11 events
when toggle format | what | by | license | comment | |
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Sep 8 at 13:08 | history | notice removed | Oddthinking♦ | ||
Sep 8 at 12:39 | history | edited | quarague | CC BY-SA 4.0 |
added sources for the numbers in the original question that are correct
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Sep 8 at 11:44 | history | notice added | Oddthinking♦ | Needs citation | |
Sep 8 at 9:53 | comment | added | Obie 2.0 | Arguably the median is more shocking (it is lower). And based on other information that I have seen, maybe even lower than in that data. | |
Sep 8 at 9:48 | comment | added | quarague | @Obie2.0 One should expect median networth to be lower than mean networth but seeing how big the difference actually is, is still quite shocking. Similarly, noting that taking out 10 households out of something like 100 million makes a visible difference shows how unequal the distribution is. | |
Sep 8 at 9:45 | comment | added | Obie 2.0 | Of course, median net household net worth worth is rather lower, and even that conceals some substantial disparities (e.g. that a good quarter of the USA has 0 or negative net worth). | |
S Sep 8 at 9:16 | history | edited | quarague | CC BY-SA 4.0 |
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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S Sep 8 at 9:16 | history | suggested | user14325327 | CC BY-SA 4.0 |
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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Sep 6 at 15:51 | review | Suggested edits | |||
S Sep 8 at 9:16 | |||||
Sep 6 at 14:11 | comment | added | Yakk | Average wealth per person is $371,771.77 (that deals with "people get married but lose 25% of their wealth, suddenly country gets richer" artifacts). Top 400 (Forbes 400) have a total worth of 4.5 trillion; that shaves off a mere $13,500 (3.6% of the entire USA's net worth). | |
Sep 6 at 13:24 | history | answered | quarague | CC BY-SA 4.0 |