Comment Re:Well considering that.. (Score 2) 390
80% of you in the US are competing over 5% of the money in the economy
Looking at the chart, they say 11%.
The problem with this statement is twofold. First, it still ignores significant parts of the economy, such as future income. For example, if you have an income (not net income) of 17,300 (like the mean of the bottom 40%), then you probably have a few tens of thousands of potential net income over your lifetime. That isn't reflected in the net worth figure.
Second, it ignores that most US residents don't compete for wealth. For example, more than a third don't save at all for retirement (36%). So of the 44% who aren't in the 20% wealthiest and happen to save even a little and thus, compete in even the slightest way for wealth, they have 11% of the wealth of the US. That doesn't sound bad to me at all.