If the top 10% of Americans own 80% of the wealth, does that mean 1 in 10 people I see on the street have significantly more money than me?

Question

If the top 10% of Americans own 80% of the wealth, does that mean 1 in 10 people I see on the street have significantly more money than me?

In: 4977

Answer 1

depends on what part of town you’re in.

people tend to self segregate themselves. so if you’re walking around a poor part of town, then probably not. but if you go to Aspen, or walk around Beverly hills, or maybe some parts of Manhatten, then yeah prob most people you see are wealthier than you.