What does it take to join the top 1% of America? How much richer are they compared to the average American?
Let’s find out.
In this episode, Austyn Whittenburg discusses wealth accumulation trends and the net worth of different population percentiles.
Using Federal Reserve data, Austyn highlights the rise in home values and car prices, and the impact of education on net worth. He also discusses the influence of different levels of education in you and your family’s financial planning processes.
Austyn discusses:
- The impact of education on American’s net worth
- Key findings from the Federal Reserve about the American wealth divide
- The difference between median and mean net worth + how this difference can create misleading headlines
- Various statistics surrounding the different income classes of America
- And more