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It also doesn't measure resources. The median wealth is the assets at disposal for the average citizen. eg. if they sold their homes, cars etc. Australia has 3x

It also doesn't measure resources. The median wealth is the assets at disposal for the average citizen. eg. if they sold their homes, cars etc. Australia has 3x the wealth which isn't bizzarre. It's new and hard to grasp for a lot of people since this has only happened since 2008. But the USA has fallen. It's fallen a lot. The typical US citizen is far far poorer than people from many other countries. This is an objective fact. It's also obvious to anyone who see's the USA in its current state. Things are bad. They need to change.

refurb 6y ago
Read your link and what I quoted. It does measure natural resources and a bunch of other “wealth” that goes far beyond personal, disposable wealth. You basically referenced a link you didn’t read. And like I said, when you look at the ranking it doesn’t make sense unless they did include things beyond personal wealth. You really think the average Spaniard is wealthier than the average Norweagean?
- ericmay 6y ago
  Agree completely. I think these numbers look more realistic as well: https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)... Sorry for the "downvotes are the disagree button" that you are experiencing for raising good and interesting discussion points, and frankly calling out misleading numbers that were posted. I didn't know that the average German was worse off and poorer than the average person from Greece (I guess finally the wealth transfer from Germany to Greece is being reflected in the numbers! - kidding, kind of).
  - AnotherGoodName 6y ago
    That reinforces the whole point i'm making. The USA is wealthier per person. The USA is poorer on median wealth. This occurs because the wealth is concentrated in a small number of extremely wealthy people whilst the typical person is poorer. This can be easily fixed to the benefit of the majority with higher taxes on the ultra rich.
    - refurb 6y ago
      The point you’re making seems to change every time someone provides data that shows it’s not accurate. First it was Australia was 3x wealthier than the US. Now it’s that the US is poorer on a median level, yet I see no data.
    - ericmay 6y ago
      Poorer than Australia? Sure whatever. I’m just glad we are way ahead of countries like Germany, Finland, Denmark, Sweden, and the Netherlands. Maybe they should adopt our style of government to improve.

refurb 6y ago

Read your link and what I quoted. It does measure natural resources and a bunch of other “wealth” that goes far beyond personal, disposable wealth. You basically referenced a link you didn’t read. And like I said, when you look at the ranking it doesn’t make sense unless they did include things beyond personal wealth. You really think the average Spaniard is wealthier than the average Norweagean?

ericmay 6y ago
Agree completely. I think these numbers look more realistic as well: https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)... Sorry for the "downvotes are the disagree button" that you are experiencing for raising good and interesting discussion points, and frankly calling out misleading numbers that were posted. I didn't know that the average German was worse off and poorer than the average person from Greece (I guess finally the wealth transfer from Germany to Greece is being reflected in the numbers! - kidding, kind of).
- AnotherGoodName 6y ago
  That reinforces the whole point i'm making. The USA is wealthier per person. The USA is poorer on median wealth. This occurs because the wealth is concentrated in a small number of extremely wealthy people whilst the typical person is poorer. This can be easily fixed to the benefit of the majority with higher taxes on the ultra rich.
  - refurb 6y ago
    The point you’re making seems to change every time someone provides data that shows it’s not accurate. First it was Australia was 3x wealthier than the US. Now it’s that the US is poorer on a median level, yet I see no data.
  - ericmay 6y ago
    Poorer than Australia? Sure whatever. I’m just glad we are way ahead of countries like Germany, Finland, Denmark, Sweden, and the Netherlands. Maybe they should adopt our style of government to improve.