Birdwatch Note Rating
2024-12-27 08:41:52 UTC - HELPFUL
Rated by Participant: C29846BDD05BBC5EC39F3D7E485B2B30E763E4727B081D49C8E1B7C80553EA86
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/
All Note Details