According to the Australian Bureau of Statistics, median total income for Australians in 2017-2018 was 49,805 AUD (68,232 USD)[0]. According to the US Census Bu

According to the Australian Bureau of Statistics, median total income for Australians in 2017-2018 was 49,805 AUD (68,232 USD)[0]. According to the US Census Bureau, median total income for Americans in 2018 was 63,179 USD. That's about 7.4% less which isn't insignificant, but it's also not near enough to account for such a striking difference in wealth. There's clearly something else going on here. [0] https://www.abs.gov.au/statistics/labour/earnings-and-work-hours/personal-income-australia/latest-release https://www.abs.gov.au/statistics/labour/earnings-and-work-h... (Table 1) [1] https://www.census.gov/data/tables/2019/demo/income-poverty/p60-266.html https://www.census.gov/data/tables/2019/demo/income-poverty/... (Table A-1)