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A comment on Americans Now Need at Least $500k a Year to Enter Top 1%. Parent comment

Re:Americans Now Need at Least $500k a Year to Enter Top 1% by thatfrenchguy on Wednesday October 16, 2019 @08:46PM (#21277842)
> After all, the median (50%tile) wealth is nearly zero

Median wealth in the US ~97k. It’s quite stunning one could think a society would work with the 50-percentile being zero.

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Re:Americans Now Need at Least $500k a Year to Enter Top 1% by cannonedhamster on Wednesday October 16, 2019 @09:22PM (#21278069)
Median income in the US is much lower than 97k. It's around 65k. Median net worth is about 68k. Mean is slightly higher because the top .001 makes so much more than everyone else. It's definitely higher than zero. Not sure where your numbers came from?
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Re:Americans Now Need at Least $500k a Year to Enter Top 1% by MR4D on Wednesday October 16, 2019 @10:43PM (#21278475)
According to Marketwatch [1] you are incorrect. The MEDIAN NET WORTH is $97,300. The MEAN is way higher at $692,100.

Also, note that this figure varies considerably by age and education, as you might expect.

[1] - https://www.nerdwallet.com/article/how-your-net-worth-compar...

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Re:Americans Now Need at Least $500k a Year to Enter Top 1% by thatfrenchguy on Thursday October 17, 2019 @03:50PM (#21285726)
Yeah, everyone knows means are lying, especially in super-unequal societies. No-one cares about the mean, you want to look at the distribution
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