LogFAQs > #977033422

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Topic	The Federal Reserve says the average American household is now a millionaire
Unsuprised_Pika 11/04/23 4:50:57 PM #5:	Averages are meaningless when we have such vast inqeuality and the vast majority of that wealth is tied up in non liquid sources with high maintenece cost to own(cars and homes. For Example Elon Musk's wealth is ~225 billion. More then 200,000 people with a net worth of ZERO could be grouped with him and still the average of that group would be over a million. --- I post clips of my cool, stupid and glitchy MH Sunbreak and Tears of the Kingdom gameplay here just for fun. https://youtube.com/user/linkachu1000 <cite>Unsuprised_Pika posted [p:977033422] in The Federa... [t:80611412]...</cite> <quote>Averages are meaningless when we have such vast inqeuality and the vast majority of that wealth is tied up in non liquid sources with high maintenece cost to own(cars and homes.For Example Elon Musk's wealth is ~225 billion. More then 200,000 people with a net worth of ZERO could be grouped with him and still the average of that group would be over a million. --- I post clips of my cool, stupid and glitchy MH Sunbreak and Tears of the Kingdom gameplay here just for fun. https://youtube.com/user/linkachu1000</quote> ... Copied to Clipboard!
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