alt Hacker NewsLol but seriously 4th highest median wealth per capita. The median NZ citizen has 3x the wealth of the median us citizen.
https://en.wikipedia.org/wiki/List_of_countries_by_wealth_pe...
Of course they have very low wealth inequality so they don’t have trillionaires at all which some people may see as a problem. In fact remarkably despite the median wealth of NZ being so much higher than the USA they have a lower average wealth per capita.
They just spread the wealth around making the middle class 3x richer.
Replies
LAC-Tech • today at 4:42 AM
That wealthy is all tied up in draughty houses. It's not real.
Wikipedia's (UBS') US figure ($69k) is probably wrong? US median household wealth is ~$193k[1]. I don't think there's a way to square claimed median individual wealth of $69k with that? Even taking into account children (22% population) and assuming 2 adults/household (more favorable to the math than the real 1.2-1.4 figure). I can't find anything on UBS' methodology, just the short 1.5 page paper.
[1]: https://www.federalreserve.gov/econres/scfindex.htm