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gab13by13

(29,362 posts)

2. The USA is by far the richest country

Reply to Prosper (Original post)

Sat Nov 9, 2019, 08:05 AM

Nov 2019

If we add up the wealth of everyone in the US we get 106 trillion dollars. Second place China comes in at 64 trillion dollars.
So instead of dividing our population into 106 trillion if we use a median calculation, every US household is worth $66,000.
There are 16 countries who rank ahead of the US in median wealth. This is the statistic that is important and it's called income inequality.
Don't even say, look at the stock market, the top 10% are who have the most investments there.

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Why is USA ,the richest country in the world,10th [View all] Prosper Nov 2019 OP

The answer to why the US is 10th in GDP per capita is very simple Spider Jerusalem Nov 2019 #1

The ratio of mean to median wealth in the United States Prosper Nov 2019 #3

? In 2028 the US standard of living ranked 13. (You mean 2018?) appalachiablue Nov 2019 #4

The USA is by far the richest country gab13by13 Nov 2019 #2

gab13bygab13 said:So instead of dividing our population into 106 Prosper Nov 2019 #5

I believe that you are both asking the right question and the wrong question Sherman A1 Nov 2019 #6