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Started By
Message
re: The average American household has over a million dollars in wealth
Posted on 10/24/23 at 10:54 am to lsupride87
Posted on 10/24/23 at 10:54 am to lsupride87
quote:$50b/400 million people = $125.00 per American citizen difference
Using average here is dumb. Because a number like 50 billion really skews things
I agree that median is much more appropriate a stat than average.
0
Posted on 10/24/23 at 10:54 am to TigerintheNO
Million is like the new Hunnid thousand
Nothing to boast aboot. Add that with digit in front that decimal pernt and we talking
Nothing to boast aboot. Add that with digit in front that decimal pernt and we talking
Posted on 10/24/23 at 10:55 am to TigerintheNO
I wish this was broken down by age.
I’m 33 and right on target for the median with no debt other than my mortgage, which makes me feel like a colossal fricking loser.
I’m 33 and right on target for the median with no debt other than my mortgage, which makes me feel like a colossal fricking loser.
Posted on 10/24/23 at 10:58 am to TigerintheNO
Average human on the planet has less than 2 legs.
Posted on 10/24/23 at 11:04 am to stout
quote:
Is this all in with 401Ks and everything?
I assume the vast majority of Americans' wealth is in retirement accounts and home equity.
Posted on 10/24/23 at 11:06 am to theronswanson
I’m honestly shocked how high the median is. And that’s why we have sky high immigration. Anyone who has travelled outside of Europe knows how poor the average person is globally.
Posted on 10/24/23 at 11:18 am to bayoudude
quote:
bullshite lies and statistics.
A doc just out of residency will be making $200K-400K and be worth -$200K.
Are they “rich” or “poor?”
Also, means without medians when looking a distributions across hundreds of millions of numbers, some of which are worth hundreds of millions, are only so valuable.
Posted on 10/24/23 at 11:21 am to C
quote:
I’m honestly shocked how high the median is. And that’s why we have sky high immigration. Anyone who has travelled outside of Europe knows how poor the average person is globally.
Middle class europeans do not have the income that middle class Americans have. They may have as much or more wealth due to real estate prices being so high but incomes are pretty low for most professionals in Europe...
Posted on 10/24/23 at 11:22 am to TigerintheNO
If lots of people have over a million dollars then it's not a good thing for the dollar.
Zimbabwe and Venezuela are full of "billionaires".
Zimbabwe and Venezuela are full of "billionaires".
Posted on 10/24/23 at 11:24 am to Hopeful Doc
quote:
A doc just out of residency will be making $200K-400K and be worth -$200K.
Are they “rich” or “poor?”
Also, means without medians when looking a distributions across hundreds of millions of numbers, some of which are worth hundreds of millions, are only so valuable.
Most professionals earn a million dollars every 5 - 10 years today. I suspect most middle class Americans with any wealth at all are pushing a million in real estate and retirement savings. And most are probably 90 days from banruptcy or at least some serious financial trouble.
Posted on 10/24/23 at 11:27 am to TigerintheNO
The average of me and Elon's net worth is 112.5 billion and some change 
Posted on 10/24/23 at 11:28 am to SuperSaint
quote:
Million is like the new Hunnid thousand
Nothing to boast aboot. Add that with digit in front that decimal pernt and we talking
If you have zero debt it is
Posted on 10/24/23 at 11:29 am to AwgustaDawg
quote:
Most professionals earn a million dollars every 5 - 10 years today. I suspect most middle class Americans with any wealth at all are pushing a million in real estate and retirement savings. And most are probably 90 days from banruptcy or at least some serious financial trouble.
Top five millioniare jobs will shock you.
Its not how much you make its what you do with it people
Its the tale as old as time.
This post was edited on 10/24/23 at 11:30 am
Posted on 10/24/23 at 11:30 am to TigerintheNO
Yep. If you have one billionaire and 99 people with $1 net worth what’s that average?
Does it make the 99 better off?
BS data point for BS political reasons.
Does it make the 99 better off?
BS data point for BS political reasons.
Posted on 10/24/23 at 11:31 am to TigerintheNO
Now how can that be possible when the average American is hundreds of thousands in debt. Did they consider that in their equation?
Posted on 10/24/23 at 11:32 am to TigerintheNO
100% horseshite propaganda.
Posted on 10/24/23 at 11:37 am to C
quote:
Anyone who has travelled outside of Europe knows how poor the average person is globally.
Its beyond baffling anyone in the United States complains about anything at all.
Posted on 10/24/23 at 11:40 am to jizzle6609
quote:
Its beyond baffling anyone in the United States complains about anything at all.
Everyone should take a Peace Corp tour.
Posted on 10/24/23 at 11:43 am to TigerintheNO
I'll take "Gaslighting Articles Only Written When A Democrat Is President" for $1,000, Alex.
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