jackhp95
joined 1 year ago
I mean, there's a drastic difference in cultural relevance over those 20 years. 2000 was at the tail end of their peak. Supply/demand would certainly affect the equation.
Alphabet soup
Net worth isn't net income. Net worth is assets - liabilities. So it's basically the equity on your home + savings(401k,checking,retirement) + whatever you can sell your car for.
The average (mean) is different from the median too. The fact that there are mega rich inherently pushes the "average" (mean) higher than the median.
Median is a better measure of average when there are outliers (like billionaires)
You're both right and wrong. Mega wealthy are a problem, but your understanding of the terms you're using is why you're confused.
1.6 mil is the average net worth of an American in their 60s. 445k is the median though! The difference between the two comes from the billionaire outliers!
Tim is below the "average", but a majority of Americans are. However, half of Americans are above the median, and half are below.
You're right that Average income is 37k. However, average income is not net worth. That's why you're confused.
Literally described the Mississippi river.
Says "naw" upside down
Only the top right fights? How many times must we teach you this lesson old man?
Earworm by Vulfpeck, while relevant to the topic, is good too.
I absolutely love how Mozilla has been calling out Apple, Google, and Microsoft. So good.
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