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Response to tritsofme (Reply #23)

Tue Aug 20, 2013, 08:16 PM

25. Theory? I've included the stats on median wealth per adult for the countries. Do the math.

50% of American adults have total wealth of $38K or lower. That wealth includes their income, their property, etc. None of those folks can afford to go to Australia. They probably can't afford to go to Mexico or Canada unless they drive, assuming their car can even make it. 50%, gone for sure. We also know that the wealth of Americans doesn't start to trend up appreciably until the 90% mark. 90% of Americans simply can't afford to go to Australia. They might be able to save up and do a trip that costs what it costs to go to Australia once or twice in their lives. Maybe.

50% of Australians have total wealth of $190K or higher. Those folks can easily afford a trip a year anywhere, probably several per year. The Aussies I've met out and about seem to be traveling all the time and they were/are not wealthy by Australian standards. We also know that wealth is much more evenly distributed in Australia as compared to here, the Median wealth number is a strong corroboration for that. The folks that could easily afford a trip anywhere probably goes down to the 15th percentile, perhaps even lower. i.e. 85% of Australians can afford to do a trip like to the US once per year.

It would end up being very close.

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