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Shows wealth disparity in the us much higher than in most of the world including Canada or Sweden.
Those data are old. Credit-Suisse which is really considered the de-facto standard (by the UN), CS's numbers are from 2013.
So download the 2013 report, and go to page 83 to see the table.
Quote:
Originally Posted by Rapaport
Yes, Canada has larger $100k + population segment but that's a good thing. I hope you don't think of those who have more than $100k in assets as super rich, do you? Lol. Average house is $200k in the us lol
I would agree with you, but for two problems: 1- I don't think "middle class" is minimum $ 100,000 or over for every individual. That would be at least $ 200,000 for a family. 2- wouldn't the explosion of US millionaires skew this number even further?
But honestly, I do not really know if "middle class" can be defined by numbers, and be widely accepted as a standard definition.
Although Canada’s macroeconomic performance has surpassed the USA’s over the last few years, at USD 227,700 wealth per adult in Canada is 13% lower than it is in the USA (USD 262,400). Canada is similar to the USA in that more than half of its household wealth is held in financial assets. Wealth here is more equally distributed than in the USA, which is reflected in the much higher median wealth of USD 81,600 compared with 38,800 for the USA. Compared to the USA, Canada has both a smaller percentage of people with less than USD 10,000 and a larger percentage with wealth above USD 100,000. It has 842,000 millionaires, and accounts for 3% of the top 1% of global wealth holders, despite having only 0.5% of the world’s population.
Canadian middle class is doing much better than American and it's much bigger percentage wise. There is also less poor in Canada. I guess being progressive and liberal doesn't preclude financial success. That's all. Well played, Canada. Our conservatives should take notice.
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