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33 sats \ 2 replies \ @Undisciplined 4 Feb \ on: U.S. Wealth Held by the Bottom 50% (1989-2024) econ
I'm a little surprised it's climbed back so much.
What surprised me wasn't this rise to ‘normal’ values, it was that the normal value was so low!
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Americans rely heavily on debt for large portions of their lives, so sorting on wealth gives a very skewed picture of economic well-being. The same people, living the same lifestyles, will be at radically different points on this distribution throughout the course of their lives.
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