Even with the value of your house and 401k, it's still very hard to believe. I just did a quick Google search and the 90th percentile in 2001 is 1.6 million, which seems more accurate.
The top 10% includes all the people in the top .01% which skews the average higher. You might only need about 1.6 million to be in the top 10% but the average will be higher.
19 Comments
Kecessa@sh.itjust.works · 140 pts · 2y
Circles aren't the best shape to illustrate it because doubling the area of a circle doesn't doesn't really make it look twice as big...
I much prefer this: https://mkorostoff.github.io/1-pixel-wealth/
lesinge@sh.itjust.works · 20 pts · 2y
Damn, that's an extremely powerful method of data visualization!
some_designer_dude@lemmy.world · 2 pts · 2y
I want to print it and embed it into the pavement on Wallstreet.
Everythingispenguins@lemmy.world · 15 pts · 2y
Fuck I got tired and quit half way though the graphic.
jballs@sh.itjust.works · 19 pts · 2y
If you didn't get past Bezos, you weren't halfway yet.
kksgandhi@lemmy.ml · 5 pts · 2y
I made this little game with the same idea:
https://kksgandhi.itch.io/other-peoples-money
GBU_28@lemm.ee · 25 pts · 2y
Well first off circles are like the worst shape they could have used
Prunebutt@slrpnk.net · 19 pts · 2y
OP misspelled "eat" in the title.
AbsurdityAccelerator@lemmy.world · 18 pts · 2y
Top 10% of the US population has a net worth of 4 million? That does not seem right.
Ross_audio@lemmy.world · 31 pts · 2y
Net worth includes all asset value. Pensions, investments, and property.
That seems about right to me. A lot will be tied up so liquid assets will be lower.
The 50% upwards middle class being $400,000 will mostly be the value of a house.
Very annoying they just specify "average". I'd expect this data to be based on the median values so it should just say.
AbsurdityAccelerator@lemmy.world · 9 pts · 2y
Even with the value of your house and 401k, it's still very hard to believe. I just did a quick Google search and the 90th percentile in 2001 is 1.6 million, which seems more accurate.
ryathal@sh.itjust.works · 9 pts · 2y
The top 10% includes all the people in the top .01% which skews the average higher. You might only need about 1.6 million to be in the top 10% but the average will be higher.
AbsurdityAccelerator@lemmy.world · 1 pts · 2y
Ah, that makes sense. Appreciate the explanation.
white_shotgun@aussie.zone · 16 pts · 2y
snekerpimp@lemmy.world · 15 pts · 2y
Pit smoked with hickory chips, and a nice Carolina style sauce, that’s how we should cook em
blanketswithsmallpox@lemmy.world · 9 pts · 2y
Holy shit middle class is half a million now?
The days of making 6 figures means nothing now lol.
ryathal@sh.itjust.works · 12 pts · 2y
Net worth and income are totally different. 6 figures for income will give you a multi million net worth with a modicum of budgeting.
blanketswithsmallpox@lemmy.world · 2 pts · 2y
Definitely a difference. Thanks.
Trollception@lemmy.world · 2 pts · 2y
That's net worth, not salary.
dimath@ttrpg.network · 6 pts · 2y
So, how do we tax unrealized gains?