News for hackers. Stuff that matters.

A comment on The 9.9 Percent Is the New American Aristocracy. Parent comment

Re:The 9.9 Percent Is the New American Aristocracy by gaius on Monday May 28, 2018 @11:27AM (#17172929)
And yet it's more than 90.1% of the population posesses...

These analyses tend to overlook the age dimension. It is entirely normal that a 65-year-old about to retire would have accumulated more assets than a 22-year-old who has just graduated with student debts. So is the proportion of the population holding the wealth also the proportion of the population who has been working and saving for 30-40 years already? If so there is nothing to see here, move along...

[ Parent | on HN ]
Re:The 9.9 Percent Is the New American Aristocracy by e12e on Monday May 28, 2018 @02:11PM (#17173857)
> So is the proportion of the population holding the wealth also the proportion of the population who has been working and saving for 30-40 years already?

I doubt it: https://www.cia.gov/library/publications/the-world-factbook/...

[ Parent | on HN ]