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this post was submitted on 15 Jun 2024
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In 2022 the median household income in the USA was $74 580, that means 50% of households had less than $74 580 in income.
A person that has at least a billion in wealth (like Gabe Newell) owns at least the equivalent of 13 409 times the median income.
I would love to illustrate it by copy pasting $74580 13409 times, but it creates a comment too long Lemmy.
If we go by net worth instead?
https://www.fool.com/research/average-net-worth-americans/
5190 US medians, 25 615 US medians for people under 35 (the crowd on this platform).
No one deserves that kind of wealth and anything that's done to prevent it is a good thing.
I saw some stats the other day that if you remove the top 1000 incomes in the united states the average drops to around 35k. So that average of 75k is bullshit.
Median != Average.
The median is an average. But it isn't the mean, which is presumably what the other comment was using.