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> And now their grandkids are almost as rich as Americans. False. US: mean wealth $388,000. medium wealth $55,000. gdp per capita: $60000. China: mean weal
by packrat8 8y ago
> And now their grandkids are almost as rich as Americans.
False.
US: mean wealth $388,000. medium wealth $55,000. gdp per capita: $60000.
China: mean wealth $26,000. medium wealth $6,000. gdp per capita: $8000.
https://en.wikipedia.org/wiki/List_of_countries_by_wealth_per_adult https://en.wikipedia.org/wiki/List_of_countries_by_wealth_pe...
- ajross 8y agoSigh. It was hyperbole. You took, the point, right? They were the poorest of the poor, and now their iPhones jiggle in their pockets as they dance on the world stage with the big kids. Also, "median".
- packrat8 8y agoHalf their population, 700M people, can't afford the iphone. The annual income for rural residents averaged $1,797 last year https://www.scmp.com/news/china/society/article/2089654/china-rural-rich-get-richer-and-poor-get-poorer https://www.scmp.com/news/china/society/article/2089654/chin...
- vixen99 8y agoAnd what was it 20 years ago?