> A better metric would be tracking the median or quartile values
A better for what purpose? You comment seems to imply a bias towards celebrating only some people's wins.
A better for what purpose? You comment seems to imply a bias towards celebrating only some people's wins.
For the purpose of accuracy in communication. Speaking in terms of "household net worth" implies that you are referring to the net worth of individual U.S. households, not the net worth of the entire country taken as an aggregate. This is especially true when the net worth of most U.S. households has been stagnant or lower for almost 40 years while the net worth of the wealthy has exploded.
https://mises.org/wire/median-household-wealth-america-going...