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wrsh07 | 1 month ago

> All wealth groups saw gains over the past year, with the net worth of the bottom half of Americans increasing 6% over the past 12 months, according to the Fed data. Yet the growth has been fastest for those at the very top. The top 1% have seen their wealth increase by $4 trillion over the past year, an increase of 7%

I think the excessive use of absolute numbers in this article does the author and readers a disservice. It's like describing a chess game and saying "after five moves and fifty million possible games,..."

Yes, it's worth noting that the wealth at the top increased faster than the wealth at the bottom (7% > 6%). And it compounds so that alone can increase the wealth gap.

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Terr_|1 month ago

> excessive use of absolute numbers in this article

Especially as a "new record" threshold in nominal dollars.

"January 1st: Record for highest Gregorian calendar year smashed, with upstart 2026 snatching the title from former champ 2025! Our panel of experts analyzes what this completely unexpected shakeup means for Time, and how it may impact you and your family."