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Response to Purveyor (Original post)

Thu Jun 9, 2016, 03:54 PM

3. It's good news; but as we all know it also reinforces popular confusion with 'average' and 'median'.

The U.S. is indeed still number one by far in terms of number of millionaire adults (14 million; compared to 2.5 million for the runner-up, France); but the median U.S. adult is now 27th in terms of net worth.

The number one cause for this lag (though certainly not the only one): astronomical health care costs.

Median net worth per adult (US$ 000), from the 2014 Credit Suisse Global Wealth Report:

Australia________225
Belgium_________173
France__________141
United Kingdom__131
Japan___________113
Singapore_______109
Switzerland______107
Canada__________99
Taiwan__________65
Germany________54
United States____53
Chile___________17
China___________7
Brazil___________5
South Africa_____4
World__________4
Russia__________2
Indonesia_______2
India___________1

http://s3.documentcloud.org/documents/1312773/credit-suisse-global-wealth-report-2014-1.pdf

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Arrow 6 replies Author Time Post
Purveyor Jun 2016 OP
jtuck004 Jun 2016 #1
newthinking Jun 2016 #2
valerief Jun 2016 #6
LineNew Reply It's good news; but as we all know it also reinforces popular confusion with 'average' and 'median'.
forest444 Jun 2016 #3
elljay Jun 2016 #4
whatthehey Jun 2016 #5
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