Most people misunderstand this stat, it is not that half of all wealth is Zuck, it's that 2% of that 4% is his.
United States | News & Politics
If I had a dollar for every time someone misunderstood percentages, I'd have 2% of all gen Z wealth
So like $20?
It's not much but it's strange that it happened 20 times.
I'd have 2% of all gen Z wealth
depending on where in the world you live that might buy you a gallon of gas
Mark Zuckerberg can afford multiple gallons of gas
I understand it very well. My generation doesn't have shit.
This is also true, just makes folks look silly when they think that half of all millennial wealth is one guy.
2% of the combined wealth of 75 million people is a whole fucking lot. One dude with as much money as 1.5 million average income millennials combined
Completely agree, and it's obscene that this weird creep that made a stalking app for this college can now push industries with how much money he has in this amorphous value. But I just hope that people can be angry at these facts without being lost in a misunderstanding and think that half of all millennial wealth is one guy.
Yeah he's rich as fuck but he's not a trillionaire
Including OP who's arguing with me that he understands math better than I do when he thinks that Zuckerberg owns close to 3T in wealth...
The most well educated baristas, shelf stockers, and call center workers in history.
When we do these wealth calculations, do we include debt? I would say the majority of my friends have negative wealth (tbf, a self selecting group of overeducated underemployed people)
Debt is usually not included as far as I know, and that makes the situation worse. Looks like typical debt in US is around 90k https://www.cnbc.com/select/average-american-debt-by-age/
wtf. Does no one have a savings account anymore? Even the boomers?
63% of the workers can't even afford a $500 emergency expense. So, no savings and tons of debt.
we live in a sick world
And it's hovered around that level for a long while. :(
I wonder what Gen-Z's gonna be like. No companies founded by my generation so far
Founding a company is easy: Do you have $150? You too can own a Florida corporation today (literally, within minutes).
I'm sure there's tens of thousands of LLCs and S corporations owned by Gen Z. They're just things like lawn care services, handyman, independent contractors, etc.
They may not be huge or popular or famous but I guarantee that there's a lot of them. Because there's far too many jobs that require you have a registered business and thousands of young people have these jobs.
Hmm true, just no flashy multi billion dollar startups so far (we're all probably still too inexperienced for that)
Can we please not platform the wife torturing rapist?
updated to just provide the data
There are now 41, 42, and 43 year old millennials too.
Wow! Wife beater is back.
Holy shit indeed!