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A wealth measure will give a higher rating to someone who spends on assets than someone who spends on Fortnite skins. What it doesn't do is arbitrarily favor so
by mdoms 6y ago
A wealth measure will give a higher rating to someone who spends on assets than someone who spends on Fortnite skins. What it doesn't do is arbitrarily favor someone who lives in a HCOL area or in a country (sorry, the country) that forces individuals to spend their own money on things like health care.
- HPsquared 6y agoSomeone living in a HCOL area who happens to have bought their house before the price inflation era, would have a high wealth figure but unable to do anything with said wealth. Australia has high house prices.