63
Where the money is
(lemmy.one)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 20 Oct 2023
63 points (66.7% liked)
Data Is Beautiful
6700 readers
2 users here now
A place to share and discuss data visualizations. #dataviz
(under new moderation as of 2024-01, please let me know if there are any changes you want to see!)
founded 3 years ago
MODERATORS
Real estate isn't there... But all the money in the world is.
Help, my house is now worthless? ๐
Are houses considered money though? They are where most of peoples net worth is, but perhaps it is too non-liquid to be considered actual money for this chart.
But what's silly is that most of Bill Gates money is in stock markets so why is that money separate? Unless it is not part of the total.
I'd say so. A lot of investments are in company stock that simply couldn't be sold legally or without tanking it. I'd say it's easier to sell your house for a profit than for them to sell significant amounts of those shares. Or even for them to trade them.
That's a good point. You could sell all the houses in the world to eachother without the total value of the houses going to zero.
However with the stock market there is no way to extract this 66.8 trillion. You could maybe sell 20 trillion and then it could be worthless.