Birdwatch Note Rating
2024-12-27 16:06:17 UTC - HELPFUL
Rated by Participant: 9DD865328D03FAE3DB042A388E36F9FD6738721E9F58ECBD746D6C98EE35C32E
Participant Details
Original Note:
It is not possible to compare GDP (a flow) to net worth (a stock) because they have different units ($/year vs. $). When measured as a percent of net worth, the 11 figures mentioned make up only about 1% of net worth in the United States. https://en.wikipedia.org/wiki/Stock_and_flow https://www.reuters.com/markets/us/us-household-wealth-hit-another-record-first-quarter-fed-data-shows-2024-06-07/
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