the "average is $1.06M" stat is a billionaire mirage. type your real number, find your actual rank.
brokemediantop 10%top 1%
straight diagonal = perfect equality. the deeper the sag, the more concentrated the wealth. red dot = you. US Gini for wealth is ~0.85 (income Gini is only ~0.48, which is why "income" stats hide how skewed WEALTH is).
so what: the mean ($1.06M) sits around the ~75th percentile - three out of four households are BELOW the "average." that is the whole trick of using mean on a power-law distribution. median (~$193K) is the honest number, and even that is mostly illiquid home equity. strip the house and median liquid net worth is a few grand.
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