Yes. Contrast the first graph, Average net worth, with the third graph, Median net worth. On average, the average 62 year old has just under $1 million net worth. The Median white over a lifetime never gets as high as $300 K. The Black and Hispanic median only accumulates $50K by age 65. And of course half of us are below the median. > On Feb 11, 2016, at 4:56 PM, Robert Naiman <[email protected]> > wrote: > > A new paper from Federal Reserve economists Jeffrey Thompson and Gustavo > Suarez provides a detailed look at patterns of wealth in America. Anyone > who’s thought much about wealth in the U.S. probably has realized that the > old are richer than the young and whites are richer than blacks and > Hispanics, but the extent of the discrepancies uncovered by Mr. Thompson and > Mr. Suarez’s research could be startling. > > http://blogs.wsj.com/economics/2015/10/12/why-wealth-inequality-is-way-more-complicated-than-just-rich-and-poor/ > > > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l
_______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
