In the wake of two major hurricanes last month, Americans have shown their generosity by donating money and volunteering their time.
We have read about J.J. Watt raising more than $27 million for relief efforts in Houston, Odell Beckham pledging $100,000, and even President Trump pledging $1,000,000.
For this month's problem:
Donald Trump's net worth is estimated to be 3.5 billion dollars. He pledged one million dollars for relief efforts.
Determine the amount of money that the average American in each of the seven age groups below should donate if that individual wants to be as generous as Donald Trump.
The data shown below was taken from the U.S. Census Bureau, Survey of Income and Program Participation, released in 2013 and "dated" as 2011.
Figures of net worth include home equity. The data is only compiled every ten years, so the next release will be in 2021.
Age Range Median Net Worth
Less than 35 $6,676
35-44 $35,000
45-54 $84,542
55-64 $143,964
65-69 $194,226
70-74 $181,078
75 or more $155,714