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184

How Much Money Every American Would Have If Wealth Were Evenly Distributed In The US, According To Research (www.yourtango.com)

submitted 1 week ago by gandalf_der_12te@discuss.tchncs.de to c/leftism@lemmy.world

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Writing for the outlet, Andrew Lisa explained that Americans hold a combined $160.35 trillion in wealth. To the average person, that sounds like quite the payday, but someone in the top 1% probably wouldn’t see it that way. According to Lisa, “The bottom 50% of the country shares less than 3% of that enormous pie, while the most fortunate 10% gorge on nearly all of it.”

There are approximately 340.11 million people in the U.S. If they all shared that $160.35 trillion, each person would come away with $471,465. Not only is that more than the average person could even imagine, but it only compounds when you consider how it would add up for families. For example, a couple would hold a combined $942,930, and a family of four would have $1.89 million. Because, of course, in an ideal world, wealth would be distributed evenly regardless of age.

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[–] Initiateofthevoid@lemmy.dbzer0.com 2 points 5 days ago* (last edited 5 days ago)

With enough money, you could work less, and mow your own lawn. Cook your own food. If you had a million dollars, in most regions you could afford to live sustainably with very little income. Conveniences like lawn care and fast food would cost more because less people would be desperate to work long hours for minimal pay... but you would have more money to pay them.

If you want the luxury of having others do these things for you, you would probably keep working to make more money anyway. The same applies to the people who cook food and mow lawns - if they want luxuries, they would work for them. They would probably just work a bit less and charge a bit more. Like, say, 32 hours a week, and $30 an hour.