[Scrambler Bob]

Here’s the average net worth by age in 2019, according to the same survey:

Younger than 35: $76,300

35-44: $436,200

45-54: $833,200

55-64: $1,175,900

= = =

I say that average is not a good measure. One billionare in an age group will raise the ‘average’ a lot.

How about median net worth?

[JAKraig]

As soon as I read that the inflation we suffer from today was caused by high employment after Covid-19 I realized the writer was an idiot.

[ARW]

Median is somewhere around $120k
Average is $750k

[qwerty1234]

>>I say that average is not a good measure. One billionare in an age group will raise the ‘average’ a lot.

Not only is it not a ‘good measure’, average is a totally meaningless measure in this context.

[joma89]

While capitalism really increased the size of the pie and more money than ever is dispersed among the many, the vast amount of wealth is still concentrated with the few.

I know my goal is to extract as much wealth as I can for those richy rich people while also increasing the size of the pie if I can.

[Lonesome in Massachussets]

Five years after graduation, geography majors from the University of North Carolina, class of 1984, averaged five million dollars per year income. There were 12 of them. One of them was Michael Jordan.

[Lonesome in Massachussets]

The same data for median net worth:

Age of head of family: Median / Average net worth

Less than 35: $13,900 / $76,300

35-44: $91,300 / $436,200

45-54: $168,600 / $833,200

55-64: $212,500 / $1,175,900

65-74: $266,400 / $1,217,700

75+: $254,800 / $977,600