Re:TerraUSD crash led to vanished savings, shattered dreams
by acdha on Wednesday June 22, 2022 @11:12AM
(#31837080)
> I guess the 90th percentile refers to the fact that 10% of people in the US have this amount invested or more.
I think the 10% number is referring to something a bit different. The stats referenced are net worth, which in most cases is significantly composed of someone’s house & other property which doesn’t easily provide a passive income and 401ks which aren’t accessible. I’d be surprised if the number of people who have $1.3M in normal investments is greater than 1%.
I think the 10% number is referring to something a bit different. The stats referenced are net worth, which in most cases is significantly composed of someone’s house & other property which doesn’t easily provide a passive income and 401ks which aren’t accessible. I’d be surprised if the number of people who have $1.3M in normal investments is greater than 1%.