General Discussion

DetlefK

(16,423 posts) Fri May 17, 2019, 11:36 AM May 2019

Fox News: People with $100 million are poor.

https://www.mediamatters.org/video/2019/05/17/fox-business-host-you-could-be-poor-100-million-if-you-live-certain-lifestyle/223724

STEVE DOOCY (CO-HOST): Meanwhile, we do a lot of stories about millennials, the young people in this country, Charles Schwab did a survey and they asked people all the way from young people up into the 70s, how much money it takes to be considered wealthy. And according to millennials, they think -- now everybody think, how much do you think? Well, according to millennials, the second one down there, $1.94 million to be wealthy. Charles?

...

I just think that it depends on how you live, where you live, and those kinds of things. You could be wealthy with $1 million if you live a certain lifestyle. You could be poor with $100 million if you live a certain lifestyle.

...

VARNEY: What do you think is the average net worth? You don't know, obviously. I will tell you, $692,000. That is the average net -- come on. America is a wealthy country.

"Oh, he's worth $100 million, but he spends and spends, so he's technically poor."

Also, maybe leave the interpretation of statistics to people who know how statistics can lie. I wonder why he didn't mention the MEDIAN net worth? Maybe because it's $97,300????

6 replies

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Highlight:

Fox News: People with $100 million are poor. (Original Post) DetlefK May 2019 OP

But, let's get back to beating up on Rachel Maddow, here at DU Chin music May 2019 #1

Our purity tests are actually measured at 130% not 100. NoMoreRepugs May 2019 #2

World's tiniest violin playing for the hundred millionaires. Initech May 2019 #3

on 10-monkey island, one monkey gets 29 bananas, and the other nine monkeys get 1 banana to split anarch May 2019 #4

We're given a pie. The American CEO takes all but a tiny little sliver. Initech May 2019 #6

OFFFS Blue Owl May 2019 #5

Chin music

(23,002 posts)

1. But, let's get back to beating up on Rachel Maddow, here at DU

Reply to DetlefK (Original post)

Fri May 17, 2019, 11:45 AM

May 2019

for having the gall to make statements on in depth research, and guests, for 2+ years.

NoMoreRepugs

(9,528 posts)

2. Our purity tests are actually measured at 130% not 100.

Reply to DetlefK (Original post)

Fri May 17, 2019, 11:55 AM

May 2019

That way it's impossible for anyone to pass for everyone.

Initech

(100,152 posts)

3. World's tiniest violin playing for the hundred millionaires.

Reply to DetlefK (Original post)

Fri May 17, 2019, 11:58 AM

May 2019

anarch

(6,535 posts)

4. on 10-monkey island, one monkey gets 29 bananas, and the other nine monkeys get 1 banana to split

Reply to DetlefK (Original post)

Fri May 17, 2019, 12:37 PM

May 2019

"come on, the average banana consumption per monkey is three bananas per day! that's three square meals each, what the hell are they complaining about??"