Comment by vondur
3 hours ago
Look at the comment above, the sample is from really wealthy parents, not the median income in the US, so I'm sure that skews the data.
3 hours ago
Look at the comment above, the sample is from really wealthy parents, not the median income in the US, so I'm sure that skews the data.
No, it mentioned 816 out of more than 4500 respondents had net worth over $1M.
That's quite different to your claim.
That's also incorrect, it's not net worth > $1mm, it's "those with total household investable assets, excluding pensions, retirement plans and property" over $1mm, which is a much smaller number. The sources I saw said about 4% of US households meet this criteria, but 18% of survey respondents did.
Ah, indeed, I read that line backwards ("excluding" got transmuted to "including").
Right you are.