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Indeed!! If you look at Credit Suisse's Global Wealth Handbook, you'll find that in 2015, average wealth per american adult was 350k (on par with Norway and New
by quuquuquu 9y ago
Indeed!! If you look at Credit Suisse's Global Wealth Handbook, you'll find that in 2015, average wealth per american adult was 350k (on par with Norway and New Zealand), but MEDIAN wealth was just 50k, on par with Malta, Slovenia, Spain, and Israel!!
Furthermore, almost a third of Americans have less than 10k in net worth. This is not even enough to survive a year of unemployment without cutting back on essential expenses.
And what's worse, "nearly 1/3rd of Americans" is not a small number- it's 100m people!!!