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A comment on Just Be Rich. Parent comment

Re:Just Be Rich by Bootvis on Tuesday April 13, 2021 @09:39AM (#26791959)
I’m really surprised. It went up a lot from 2018 and 2019 so I don’t fully trust the result but that might be bias talking.
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Re:Just Be Rich by goos on Tuesday April 13, 2021 @09:55AM (#26792148)
Our friendly Australian economics man made a concise video about it a couple of months ago[1].

[1]: https://www.youtube.com/watch?v=Ot4qdCs54ZE

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Re:Just Be Rich by singron on Tuesday April 13, 2021 @10:46AM (#26792887)
TL;DW Very liberal mortgage policy that encourages very low or negative wealth on the low end, and very old money that remains concentrated despite recent income equality.
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Re:Just Be Rich by Bootvis on Tuesday April 13, 2021 @12:50PM (#26795216)
The video doesn't quite explain the jump though. The amount of old money didn't jump between 2018 and 2019 and it is getting harder and rarer to be underwater on your mortgage.
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Re:Just Be Rich by mahogany on Tuesday April 13, 2021 @10:00AM (#26792205)
Yeah, jumping from #65 to #1 in a single year is... surprising.
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