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Prosper

(761 posts)

3. The ratio of mean to median wealth in the United States

Reply to Spider Jerusalem (Reply #1)

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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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