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Prosper

(761 posts)
3. The ratio of mean to median wealth in the United States
Sat Nov 9, 2019, 08:53 AM
Nov 2019

is about 6.5 to 1. Half the people in the US make up about 1/6 of the wealth. 1978 is characterized as the best year ever. It was also the lowest wealth inequality. The US had the highest GDP in the world in 1978. In 1980, the American standard of living was the highest among the industrial countries, according to the OECD. In 2018 the US standard of living ranked 13.
I am inferring the standard of living and GDP per capita have declined since 1978/80 as the wealth inequality in the US widened.

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