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41 sats \ 6 replies \ @freetx 19h \ on: The bottom 50% of the US households now hold only 2.5% of total US wealth econ
Math seems off by 10x.
The chart seems to show bottom 50% holds 25%.
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39 sats \ 4 replies \ @Undisciplined 19h
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 16h
Lmao the fraction is so small it made the chart look wrong
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0 sats \ 2 replies \ @freetx 16h
it fooled me!
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42 sats \ 1 reply \ @SimpleStacker 16h
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 16h
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 19h
This should make more sense.
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