Fixed. I was using the mean wealth instead of net mean wealth. It’s still amazing to me that the Aussie average exceeds the US average, given that the averages include megawealthy tech and finance billionaires. And amazing that Greece and Italy have higher median wealth than the US.
US culture is extraordinarily spendy, which arguably is good for GDP but bad for individual wealth except for those whose individual wealth benefits from corporate gain (who are mostly well above the median and therefore don’t affect the median wealth).
Fixed. I was using the mean wealth instead of net mean wealth. It’s still amazing to me that the Aussie average exceeds the US average, given that the averages include megawealthy tech and finance billionaires. And amazing that Greece and Italy have higher median wealth than the US.
US culture is extraordinarily spendy, which arguably is good for GDP but bad for individual wealth except for those whose individual wealth benefits from corporate gain (who are mostly well above the median and therefore don’t affect the median wealth).