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Personal Finance and Investing

Happy Hoosier

(8,965 posts)

10. They are distorted by the ULTRA rich.

Reply to jimfields33 (Reply #1)

Tue Jan 30, 2024, 12:14 PM

Jan 2024

Throw in a few billionaires, and the average number climbs.

Like you, I am well above the median, but not at the "average" I'd be interested in what the average looks like if you dropped off the top and bottom 1%

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Average net worth [View all] Marthe48 Nov 2023 OP

I'm definitely above the median but nowhere near the average according to my age group jimfields33 Nov 2023 #1

That's what I thought Marthe48 Nov 2023 #2

They are distorted by the ULTRA rich. Happy Hoosier Jan 2024 #10

Marthe, I can lend you $20 if it helps True Dough Nov 2023 #3

That's so kind of you Marthe48 Nov 2023 #4

Good article. The average net worth doesn't mean a lot. The Median is believable if home equity Silent Type Nov 2023 #5

There are drivers that feed net worth, but even they are not a guarantee bucolic_frolic Nov 2023 #6

Anyone that has ever taken a statistics class (especially business statistics) walkingman Nov 2023 #7

Those numbers, especially the median, PoindexterOglethorpe Nov 2023 #8

If I moved across the Ohio to WV Marthe48 Nov 2023 #9

The gap in median and average - Statista Research Summary AnnaLee Mar 2024 #11