4 ms·
The trouble with comparisons like this is the lack of scale and perspective. Australia and Taiwan are roughly half the size of California. The United States has
by throwaway09223 5y ago
The trouble with comparisons like this is the lack of scale and perspective. Australia and Taiwan are roughly half the size of California. The United States has a far larger size, and a far greater regional diversity.
If you draw comparisons across similar population sizes and similar geographic regions, for example comparing the USA to all of Europe, the numbers look a lot more similar:
Europe median: $26k
Europe mean: $174k
USA media: $82k
USA mean: $505k
Both regions have roughly a factor of 6 difference between median and mean wealth.