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All these stats really tell you is: - how expensive housing is in that country - how privatized pensions are in that country For instance, Australia has very
by djrobstep 3y ago
All these stats really tell you is:
- how expensive housing is in that country
- how privatized pensions are in that country
For instance, Australia has very high wealth per capita. But that's mainly because:
- housing is extremely expensive
- pensions are extremely privatized (via the superannuation system)
So it's actually a measure of dysfunction in many ways.