jeffw@lemmy.worldM to

News@lemmy.world · 7 months ago

US Billionaires Have Doubled Their Wealth Since 2017 Trump Tax Overhaul

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US Billionaires Have Doubled Their Wealth Since 2017 Trump Tax Overhaul

jeffw@lemmy.worldM to

News@lemmy.world · 7 months ago

cross-posted to:
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Billionaires now control 1 out of every 25 dollars of American wealth.

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7 months ago
You have it backwards. The mean, not the median, is skewed by outliers.

If there are ten people in a room with $100 and one with $1000, the median is $100 whereas the mean is $200.

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