alt Hacker News> turbocharged by the number of people that are descendants of immigrants
It's divided by whether you own real estate or equities.
Immigrant homeownership is starkly lower than native-born Americans' [1].
We're probably going to see a surge in that disparity, now, given the immigrant workforce that builds and renovates houses is in the process of being gutted. That increases the value of existing stock.
[1] https://www.jchs.harvard.edu/sites/default/files/research/fi...
exactly my point - if you were to subset to people whose parents were native-born US and compare their wealth to that of their parents at same age, it would be absolutely higher. it looks closer than it is because of immigration and we aren’t comparing to the parents in their home country