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Old 12-28-2018, 12:21 PM
 
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Saudi Arabia and UAE are surprisingly low, and China is (somehow) surprisingly high.
Germany and Finland are lower than expected too.
Attached Thumbnails
countries by median wealth per adult-096e842dbf3c0293bf12bce9434a753d.jpg  
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Old 12-28-2018, 02:07 PM
 
Location: Australia
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UAE is full of temporary workers. Perhaps the statistics include those, many of whom are low paid. Not sure if the same applies for Saudi.

Australia is either the highest, or second to Iceland, depending on the source of information. A major reason is the high property prices, along with compulsory superannuation. I believe that in Germany it is more common to rent for life.

The figure for China does not surprise me. Every time we visit we are amazed at the changes and the increasing affluence.
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Old 12-28-2018, 02:33 PM
 
Location: Taipei, Taiwan
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Nothing really surprising. In the Gulf states women don't own a lot of things so naturally the median figures wouldn't look great. And China's number isn't high at all. 16k USD is like nothing.

Germany and Scandinavia all have a very strong welfare state so they don't need to own that much asset. The state is expected to take care of them. The figures of America however really show how unequal the country is. I bet the disparities among different races would be astounding, like super high for Asian Americans and tragic for African Americans.

Hong Kong is a bit of a surprise. The median wealth is really low especially when factoring in the property prices which are simply out of control, though given the awful inequality it's not really that shocking either.
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Old 12-28-2018, 02:48 PM
 
Location: London, UK
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Libya? Papua New Guinea?
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Old 12-28-2018, 02:56 PM
 
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Quote:
Originally Posted by Greysholic View Post
Nothing really surprising. In the Gulf states women don't own a lot of things so naturally the median figures wouldn't look great. And China's number isn't high at all. 16k USD is like nothing.

Germany and Scandinavia all have a very strong welfare state so they don't need to own that much asset. The state is expected to take care of them. The figures of America however really show how unequal the country is. I bet the disparities among different races would be astounding, like super high for Asian Americans and tragic for African Americans.

Hong Kong is a bit of a surprise. The median wealth is really low especially when factoring in the property prices which are simply out of control, though given the awful inequality it's not really that shocking either.
About half of Chinese population are still peasants, so the figure is not bad among developing countries.

For America, they are known for "spending all". 70% Americans do not have enough savings to cover one month's bills.
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Old 12-28-2018, 03:23 PM
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Location: Ontario
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Quote:
Originally Posted by Bettafish View Post
About half of Chinese population are still peasants, so the figure is not bad among developing countries.

For America, they are known for "spending all". 70% Americans do not have enough savings to cover one month's bills.
America, maybe a bit surprising because of all their very wealthy individuals,
I guess a big disparity and you’re right they like to spend....earn a lot, spend a lot.
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Old 12-28-2018, 04:27 PM
 
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That map is for median net worth/wealth, not mean/average. Mean/average would have rich-poor all averaged in. Net worth has a lot to do with how much credit debt, investments owned such as real estate, stock retirement account. Median is a better measure of a common man's situation than mean/average.

Here's the link with details: https://en.wikipedia.org/wiki/List_o...alth_per_adult

US: mean=$400k, median=$62k, an average person does not have much net worth, but there are many rich people bringing the mean/average up. An average person can not fully own a home with that median.

China: mean=$48k, median=$16k, not nearly as rich as the US, somewhat more equal society than the US.

Australia: that's a rich, equal society, median is $200k and average is $400k.

Ukraine: poor, but the problem is super rich people.
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Old 12-28-2018, 05:52 PM
 
Location: Eindhoven, Netherlands
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Thailand should be 1 category higher.
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Old 12-28-2018, 06:01 PM
Status: "Free Bird - Eagle has landed" (set 4 hours ago)
 
Location: Washington State
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Quote:
Originally Posted by 6oo9 View Post
That map is for median net worth/wealth, not mean/average. Mean/average would have rich-poor all averaged in. Net worth has a lot to do with how much credit debt, investments owned such as real estate, stock retirement account. Median is a better measure of a common man's situation than mean/average.

Here's the link with details: https://en.wikipedia.org/wiki/List_o...alth_per_adult

US: mean=$400k, median=$62k, an average person does not have much net worth, but there are many rich people bringing the mean/average up. An average person can not fully own a home with that median.

China: mean=$48k, median=$16k, not nearly as rich as the US, somewhat more equal society than the US.

Australia: that's a rich, equal society, median is $200k and average is $400k.

Ukraine: poor, but the problem is super rich people.

One thing that differentiates countries like Australia with a higher mean but lower average wealth than the USA is that most of the wealth in Australia is in housing....values have escalated so much that everyone that bought a house in Aussie when they were younger now have a high wealth creating a bump in median wealth. USA wealth is mostly in investment such as the 401K which you can spend if you like and are of age.
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Old 12-28-2018, 07:01 PM
 
Location: Australia
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Quote:
Originally Posted by Tall Traveler View Post
One thing that differentiates countries like Australia with a higher mean but lower average wealth than the USA is that most of the wealth in Australia is in housing....values have escalated so much that everyone that bought a house in Aussie when they were younger now have a high wealth creating a bump in median wealth. USA wealth is mostly in investment such as the 401K which you can spend if you like and are of age.
Australian superannuation is similar to the 401K and it is compulsory for all employers to pay 9.5% of salary into a fund nominated by the employee. Similarly many people add to it as it is a tax advantage to do so. It can be accessed at 60 and at the moment unlimited lump sums or income streams can be pulled out, mostly tax free.

Also many Australians own investment properties because the tax advantages have in the past been worthwhile. Additionally we do not have inheritance tax so many investment and owner occupied properties are being passed down to younger generations.
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