Exactly, it’s like when you look at US median wealth distribution, if you don’t strip off the 0.1% at the top that have over a billion dollars in assets, then it makes everything massively lopsided and skews incredibly higher than reality.
Being told that at the age of 35, your average peers have a net worth of $175,000 is not anywhere near true for most people that’s actually 35 and surrounded by peers.
You just have a couple of money bag multi-billionaires massively counterbalancing the far higher number of people with negative net worth.
Exactly, it’s like when you look at US median wealth distribution, if you don’t strip off the 0.1% at the top that have over a billion dollars in assets, then it makes everything massively lopsided and skews incredibly higher than reality.
Being told that at the age of 35, your average peers have a net worth of $175,000 is not anywhere near true for most people that’s actually 35 and surrounded by peers.
You just have a couple of money bag multi-billionaires massively counterbalancing the far higher number of people with negative net worth.