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
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.
Anyone have a source to back this up?
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
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.
For more on this concept, try reading about “labor share” - It’s a measure of how much money goes to workers versus management and other areas.
No. nobody does. because it’s not true.
Wow! That really IS naughty.
I did the math here: https://feddit.de/comment/1252043
It’s untrue, but US households would still earn 120% more if all incomes in the US were divided equally.