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Quote by David L. Katz

“We massively exaggerate the exotic risks we can least control and massively undervalue the mundane risks we can control.”

Quote by David L. Katz

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David L. Katz
David L. Katz

David L. Katz is a renowned author born on February 20, 1963. His works cover a range of topics including health, nutrition, and lifestyle, which are well-received by readers. more

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“The distribution of wealth is even more unequal than that of income. ...The wealthiest 5% of American households held 54% of all wealth reported in the 1989 survey. Their share rose to 61% in 2010 and reached 63% in 2013. By contrast, the rest of those in the top half of the wealth distribution —families that in 2013 had a net worth between $81,000 and $1.9 million —held 43% of wealth in 1989 and only 36% in 2013.”

WealthHalfMillionsShareRoseIncomeInequalityContrastHouseholdDistributionSurveysNet WorthDistribution Of WealthWealth Inequality
Author:Janet Yellen
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“The average net worth of the lower half of the distribution, representing 62 million households, was $11,000 in 2013. About one-fourth of these families reported zero wealth or negative net worth, and a significant fraction of those said they were "underwater" on their home mortgages, owing more than the value of the home. This $11,000 average is 50 percent lower than the average wealth of the lower half of families in 1989, adjusted for inflation.”

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Author:Janet Yellen
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