from Amazon
Thursday, December 15, 2011
Lies, damned lies, and statistics: The 6 Waltons (Walmart) greater net worth than bot. 30% combined
Sounds outrageous, correct?
As the author of the piece points out, 25% of Americans have zero or negative net value (i.e., debt exceeds assets). That means that many of you dear readers, all by yourself, have more net worth than 25% of Americans combined.
In any case, as we’ve discussed this in the past, it’s not the top-end that’s the issue, but the percentage of people in the bottom-end. Norway, Great Britain, Canada all have means that were close to USA, but fewer people below the poverty line.
Here’s a recent discussion we had on that. Please, read through there first, in its entirety, if you intend to post about this issue. (I’ll delete any post that was too lazy to read there.)
Glove-slap: Peter.
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