$700,000 per household!!!!
$700,000 per household!!!!
7 comments
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If by "naughty" you mean "completely factually incorrect", then sure.
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Anyone have a source to back this up?
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Its a meme...
But maybe from here: https://www.federalreserve.gov/publications/files/scf20.pdf
The average US net-worth is around 700k. That of course doesn't mean 700k annual income. But still a crazy figure when compared to the median net-worth of roughly 120k
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GDP is 23.32 trillion. Population is 331.9 million. If the GDP were literally split evenly among every single person including children, it's about $70k annually. My guess is that they were doing this and flubbed the math.
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No. nobody does. because it's not true.
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7 comments
Yeah but what about capital gains and other non-work related sources of income?