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I think what you are trying to say is that the average American is absurdly poor.
by ImHereToVote 2y ago
I think what you are trying to say is that the average American is absurdly poor.
- tonyedgecombe 2y agoIt doesn't look like that from outside America.
- jonasdegendt 2y agoWhy? Because they can buy cheap TV's at Walmart? American households have a good amount of discretionary spending, but for the ticket items that actually matter such as quality housing, healthy food and healthcare my money stretches a lot further in Western Europe, for median household income that is.
- phonon 2y agoAnd top 10% household in Japan is about 10 million Yen ($67k)...
- _cenw 2y agoHard to compare without looking at healthcare, social security and similar costs cutting into net income.
- wqaatwt 2y agohttps://en.m.wikipedia.org/wiki/Disposable_household_and_per_capita_income https://en.m.wikipedia.org/wiki/Disposable_household_and_per... Even if adjusted by all those things the median American is doing very well while the Japanese are about on par with Southern/Eastern Europeans these days.
- deleted 2y ago[deleted]
- devnullbrain 2y agoOr that almost every person commenting in this thread should be aware that 'top 10%' means them.
- iLoveOncall 2y agoYes, this. And also that while the top 10% owns 87% of the stocks, it's also very likely that the top 0.1% owns 80% of the stocks.
- dalmo3 2y agoI'm sure the top 0.1% will be blaming the top 0.001%...