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The top 1% heavily skews the mean, the UK's "median wealth per adult" is 165% of the US $132k vs $79k [1]. [1] https://www.credit-suisse.com/media/assets/corpo
by ZiiS 5y ago
The top 1% heavily skews the mean, the UK's "median wealth per adult" is 165% of the US $132k vs $79k [1].
[1] https://www.credit-suisse.com/media/assets/corporate/docs/about-us/research/publications/global-wealth-databook-2021.pdf https://www.credit-suisse.com/media/assets/corporate/docs/ab...
- notahacker 5y agoInteresting, but also not a perfect guide since that UK median wealth is mostly held in more expensive housing, which parents of university-age kids are often still paying mortgages on, and the students will take longer still to own And US university education itself is much more expensive. Genuinely bizarre how when something often costs six figures, shared bedrooms are the norm and eliminating windows is seen as a viable alternative. Still, you have better college sports teams I guess...
- chrisseaton 5y ago> Still, you have better college sports teams I guess... I've heard these are actually normally a net income source, not an expenditure!