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41 sats \ 6 replies \ @freetx 16h
Math seems off by 10x.
The chart seems to show bottom 50% holds 25%.
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39 sats \ 4 replies \ @Undisciplined 16h
The bottom 50% is the tiny blue bit at the bottom. Orange is the 50th-90th percentile.
Remember that wealth is not the same as GDP. It's not unreasonable for it to be an order of magnitude greater.
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81 sats \ 3 replies \ @SimpleStacker 14h
Lmao the fraction is so small it made the chart look wrong
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0 sats \ 2 replies \ @freetx 13h
it fooled me!
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42 sats \ 1 reply \ @SimpleStacker 13h
Makes me wonder now how they count negatives. Wonder what fraction of all wealth held by non negative wealth holders is the bottom 50%
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40 sats \ 0 replies \ @Undisciplined 13h
I'm guessing negatives just don't count. This is where the positive wealth is held, which would be different from comparing average net balances.
I feel like I've seen figures for the latter that would have that bottom group in the red.
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18 sats \ 0 replies \ @Coinsreporter OP 16h
This should make more sense.
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21 sats \ 5 replies \ @Undisciplined 16h
Biden looks like one hell of a president. This should probably be normalized to the money supply.
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42 sats \ 4 replies \ @Coinsreporter OP 16h
So you have any chart that shows it this way?
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0 sats \ 3 replies \ @Undisciplined 16h
I'd have to search for it, but someone's made it. The other option, which loses any sense of economic growth, is to just show the wealth composition shares.
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0 sats \ 2 replies \ @Coinsreporter OP 16h
Yes this is completely innacurate.
I searched for it but didn't find any. Maybe you guys been adding it just like you see in the chart above. However, people living under so much debt in the US makes me think that it's true.
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0 sats \ 1 reply \ @Undisciplined 16h
Something like this, but with more recent data https://www.cbo.gov/publication/58533
More recent data and just shares: https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/chart/#quarter:142;series:Net%20worth;demographic:networth;population:1,3,5,7,9;units:shares
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21 sats \ 0 replies \ @Coinsreporter OP 16h
The chart by federal reserve suggest the same but it's comprehensive.
It could be said that "the number of US people hold 2.5% of US Wealth".
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21 sats \ 1 reply \ @grayruby 15h
Wonder how many even save 10 dollars a week in Bitcoin. I am sure a ton of them spend 10 dollars a week on lottery tickets.
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40 sats \ 0 replies \ @Coinsreporter OP 10h
Hardly a few because a ton of them would eat a Hotdog or Burger before giving a thought about Bitcoin.
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21 sats \ 0 replies \ @justin_shocknet 16h
Bears repeating, underwhelming Bitcoin adoption is due in part to the fact that relatively few people have wealth to preserve.
Do these stats include home equity? Retirees loaded up on bonds/annuities? whole life insurance? That'd make it even darker.
It could help people get out of survival mode but they're too busy being in survival mode to parse that.
Chicken-egg problem.
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0 sats \ 0 replies \ @satgoob 16h
I wonder how much this is skewed by personal debt and highly negative net worths
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0 sats \ 0 replies \ @nitter 17h
https://xcancel.com/TFTC21/status/1966926457105772576
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