2y ago

$700,000 per household!!!!

16 comments

- Yeah but what about capital gains and other non-work related sources of income?
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.
If by "naughty" you mean "completely factually incorrect", then sure.
Can you imagine the injection that would give to the economy? It would probably lead to the collapse of the system. Sonnavabitch I’m in!

16 comments