Mark Krugger – American Families Only Half as Rich as Those in Chinese Cities

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:

Matias Vernengo writes Elon Musk (& Vivek Ramaswamy) on hardship, because he knows so much about it

Lars Pålsson Syll writes Klas Eklunds ‘Vår ekonomi’ — lärobok med stora brister

New Economics Foundation writes We need more than a tax on the super rich to deliver climate and economic justice

Robert Vienneau writes Profits Not Explained By Merit, Increased Risk, Increased Ability To Compete, Etc.