Comment on Bottom 80% of US Households Persistently Dissaves-Spending More Than IncomeparentComments−embersbreaking2yInteresting, I just pulled this the other day. Average (mean) bottom-20 household has 18 K in checking deposit assets and 200 K in total assets. even while that quintile’s income caps at $32K. America is a very rich country…−acdha2yDo you remember where you saw that? The Census figures are much lower: $11k total assets at the 25th percentile, $-1.5k at the 10th.https://www.census.gov/content/dam/Census/library/publicatio...−embersbreaking2yHave fun...!https://twitter.com/asymptosis/status/1755563199238431211https://twitter.com/asymptosis/status/1755633196522409995
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Interesting, I just pulled this the other day. Average (mean) bottom-20 household has 18 K in checking deposit assets and 200 K in total assets. even while that quintile’s income caps at $32K. America is a very rich country…
Do you remember where you saw that? The Census figures are much lower: $11k total assets at the 25th percentile, $-1.5k at the 10th.
https://www.census.gov/content/dam/Census/library/publicatio...
Have fun...!
https://twitter.com/asymptosis/status/1755563199238431211
https://twitter.com/asymptosis/status/1755633196522409995