Jack Ma and I have an average household wealth of 18 billion dollars.
American Economics Thread
- Thread starter Bernard
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Jack Ma and I have an average household wealth of 18 billion dollars.
if you read Fed's Z1 form, you'll find the increase of the "wealth" are almost Exclusively from the increase of valuation of three assets: stock, bond, real estate. it's not net worth, it's bubble.
They probably don't count all those homeless people that lost their household.
Jai Hind America.
They have probably captured the their wealth from mining bitcoin, which has a big monetary value.
The $36T increase sounds like a lot. However check out the distribution here in this chart from the Fed reserve from around the Q2 2006 to this year:
The bottom 50% is but a tiny sliver that has barely changed. The bottom 90% is also much smaller than the top 10%. It's certainly the American dream for the households in green.
The bottom 50% is but a tiny sliver that has barely changed. The bottom 90% is also much smaller than the top 10%. It's certainly the American dream for the households in green.
paper wealth... I wonder if the average american household feels $300K richer?
where's their 300k when they need a 1k emergency expense?