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

No, because wealth is distributed regionally. People in Missouri aren’t as wealthy as people in New York ~~City~~, *on average*.

Answer 2

Just to clarify, the top 10% own 69% of the wealth, not 80%:

https://www.statista.com/statistics/203961/wealth-distribution-for-the-us/