The Data Behind Wealth Inequality in America | Average vs. Median Wealth

What is wealth inequality? How do we understand the concept of the rich getting richer, and the poor getting poorer? In this video, I explain how you should be thinking about the change in average and median (or middle) wealth of people over time. I use real data about the last 30 years of American wealth to explain how economic inequality is ballooning.

I do this all without ever using any fancy jargon or any complex math. I focus on intuition and and insights to help you get an intuitive understanding of complex, important, and timely topics in statistics, data science, and data analytics.

Learn more about who I am and why I’m doing this here: https://youtu.be/sLIquDwwTpw

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LinkedIn: https://www.linkedin.com/in/jeff-galak-768a193a
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Equipment Used for Filming:
Nikon D7100: https://amzn.to/320N1FZ
Softlight: https://amzn.to/2ZaXz3o
Yeti Microphone: https://amzn.to/2ZTXznB
iPad for Teleprompter: https://amzn.to/2ZSUkNh
Camtasia for Video Editing: https://amzn.to/2ZRPeAV