Summary:
The ratio of average to median net worth is a measure of how equally wealth is distributed. If everyone’s wealth was exactly the same, the ratio of the two net worth measures would be 1.0. China’s mean household net worth is double its median. The ratio in the US is seven times, pointing to a much more unequal distribution of wealth. Mark Krugger - American Families Only Half as Rich as Those in Chinese Cities
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
The ratio of average to median net worth is a measure of how equally wealth is distributed. If everyone’s wealth was exactly the same, the ratio of the two net worth measures would be 1.0. China’s mean household net worth is double its median. The ratio in the US is seven times, pointing to a much more unequal distribution of wealth. Mark Krugger - American Families Only Half as Rich as Those in Chinese Cities
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Angry Bear writes For Some Reason AB was down. Anyone care for an Open Thread?
Bill Haskell writes Now he says the press is failing our democracy.
Matias Vernengo writes Podcast with about the never ending crisis in Argentina
Sandwichman writes A nation is really rich if the working day is 6 hours rather than twelve
The ratio of average to median net worth is a measure of how equally wealth is distributed. If everyone’s wealth was exactly the same, the ratio of the two net worth measures would be 1.0. China’s mean household net worth is double its median. The ratio in the US is seven times, pointing to a much more unequal distribution of wealth.
Mark Krugger - American Families Only Half as Rich as Those in Chinese Cities