Re:U.S. Inflation Accelerates to 40-Year High
by eldavido on Friday February 11, 2022 @10:11AM
(#30302310)
I think that number was across the entire population, so includes children, etc. Probably came from either Piketty's Capital or something else (weekly reader of The Economist plus a lot of econ books)
Still, 79k for adults, inclusive of retirement accounts, home equity, etc. really isn't much.
Following the references and links I ended up reading this: https://www.federalreserve.gov/publications/files/scf20.pdf, on the top of page 6 there is an interesting tidbit:
> One liability of using the median as a descriptive device is that medians are not additive—that is, the sum of the medians of two items for the same population is not generally equal to the median of the sum (for example, median assets minus median liabilities will generally not equal median net worth). In contrast, means for a common population are additive.