"Americans' median wealth is a mere $44,900 per adult -- half have more, half have less. That's only good enough for 19th place, below Japan, Canada, Australia and much of Western Europe."
Fucking shit. This is what our religious devotion to capitalism gets us.
money.cnn.com
"Americans' median wealth is a mere $44,900 per adult -- half have more, half have less...
Isaac Flores
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Jordan Baker
A lot of that has to do with because housing prices in those countries are far greater.
Liam Harris
But you aren't getting buttfucked by 20% sales tax and astronomical income taxes.
Jaxson Myers
we're 6th in household income when everything is adjusted
this also includes blacks and mexicans
white american median with is $88,000, almost double the best european country
Logan Lopez
forgot link
en.wikipedia.org
Isaiah Moore
Source
But you aren't getting buttfucked by 100,000 medical bills
Lincoln Wood
[citation needed]
Not how the wealth measurement works retard
>we are 6th in household income
[citation needed]
Christopher Butler
>median income
>real adjusted household income
.....
Also, you do realize American households have more people in them on average than Euros and Japs? Why do I care that my family of 25 in the house makes more than a family of 3 in Europe?
Josiah Brown
get a job with benefits you lazy neet
we have the best healthcare in the world
Levi Turner
>get a job with benefits you lazy neet
Is your alternative to Obamacare, "getting a job haha nerdd" ?
John White
>Wealth is the abundance of valuable resources or valuable material possessions.
>The value of houses have been a particular large source of wealth in Western countries
Many Americans rent/live in mobile homes, which are much less expensive.
Thomas Cook
Medicaid ring a bell?
Asher Garcia
>Why do I care that my family of 25 in the house makes more than a family of 3 in Europe?
Nice projection. The average US household contains no more than .5 more people than in Europe.
Nathaniel Russell
>Many Americans rent/live in mobile homes, which are much less expensive.
Okay?
How does this change the fact we have the 19th highest wealth per capita?
We actually have higher home ownership rates than almost any country in the source, so I don't get your point. It explains why Germany is "poorer" than Greece in some measurements of wealth though. But not America.
Zachary Foster
i earn about 28 k before taxes,and commute to work with my own car 130 km per workday(3-4 12 hour shifts a week) and i have 7 % income tax. Mostly because commute costs here are tax deducible starting at 500 euros a year.
Basically if you have your own car and commute to work over 50 km per pop the state pays for your diesel or petrol
Gabriel Cook
>nice projection
? Is this some new meme word ?
>Average American household
nakono.com
.5 is a huge difference in earning power when the average Western euro/Jap house is 2.1 people and America's is 2.63 as of 2012.
Leo King
>we have the best healthcare in the world
Xavier Gray
Because you can by a house that's the exact same in Australia that you can get in the US for 1/3rd the cost.
>We actually have higher home ownership rates than almost any country in the source
We don't actually we're at less than 60% home ownership, and many of the homes that are owned are not worth what they once were due ot the recession.
>It explains why Germany is "poorer" than Greece in some measurements of wealth though
That actually completely explains it, and why 'wealth' means nothing without context.
Ryder Cook
.5 isn't even a full person, you're spouting bullshit because your arguement has been completely debunked and you don't know shit about economics.
Jackson Jones
AMERICA
YES
Oliver Thompson
Not if that .5 represents a child, in which case it's an economic burden, really.
Anyways your logic is flawed.
Blake Allen
>Because you can by a house that's the exact same in Australia that you can get in the US for 1/3rd the cost.
Yes and I can buy the exact same house in Zambia for 1/10th the cost.
>We don't actually we're at less than 60% home ownership,
[citation needed]
>That actually completely explains it, and why 'wealth' means nothing without context.
It is one of a number of measures. Nonetheless, median household income in NOMINAL terms is meaningless without context.
>.5 isn't even a full person, you're spouting bullshit because your arguement has been completely debunked and you don't know shit about economics.
.
Jaxson Cook
Leave my country you fucking cuck
Adrian Diaz
>Not if that .5 represents a child, in which case it's an economic burden,
And how does one determine which is true and which is false?
The evidence shows that TOTAL MEDIAN HOUSEHOLD INCOME is less in much of West Europe than America.
But, PER CAPITA MEDIAN HOUSEHOLD INCOME is less in America than much of West Europe.
That's literally what I stated from the start.
Henry Powell
Not even close. Many Americans are going abroad to get better surgery,cheaper.
nytimes.com
Medicaid is for poor people.Idiot.
Xavier Bell
The average household size can count many individuals, some of whom have no earning power and may in fact be resource drainers.
Ergo, it's an illogical point to try and conclude that greater median income is due to more people per household.
Colton Torres
>ad hominem
.5 earners per household is like $27500 more earning power per household.
US gdp per capita = $55,000
/2 = $27,500
Of course, Americans have more kids than most others. But we also do have stronger family ties than everyone rich except Ireland and maybe Japan. Therefore we probably have more 2 parent household than Europe/Japan which means we have more earning power per household on average.
In PER CAPITA terms are household earnings are less than average. In total are earnings are 6th best.
Get it? There is no perfect measurement.
Cameron Sullivan
Except people aren't going to go build in Zambia for any reason.
>[citation needed]
joshjschmidt.com
>Nonetheless, median household income in NOMINAL terms is meaningless without context.
Income is easy to measure, you usually get it from one source and median is simply the number that represents half of what a country earns in income.
Wealth is more difficult to measure because it fluctuates depending on economic factors that don't always represent what you personally value something to be worth. Paintings are often things that are considered to be signs of great wealth, but only because the value assigned to them is subjective.
Really don't see your point, not saying the US is #1, or even particularly good economically, but it's not any better or worse than most.
Ian Powell
>Ergo, it's an illogical point to try and conclude that greater median income is due to more people per household
What? It very well may be you dumbfuck.
We have no great analysis of if it is more KIDS or more ADULTS. You have no evidence of the structure.
Therefore neither of us can make an objective claim. But guess what. I never made that claim. I said it probably is because of larger household size. Not that it IS because of larger household size.
Until your prove me wrong, fuck off.
Wyatt Gray
>Income is easy to measure,
No it is not.
>you usually get it from one source
What?
>and median is simply the number that represents half of what a country earns in income.
what?
>Really don't see your point, not saying the US is #1, or even particularly good economically, but it's not any better or worse than most.
My point is that thisis just as bullshit an indicator as OP's. It most likely flatters America's ranking. Just as OP's most likely diminishes it.
Aiden Morris
Proof is in the pudding, friend.
If you think that the USA is wealthier because of the extra .5 people per household, then why isn't India even wealthier than the USA? They have nearly two extra people per household. Even Ireland and Poland have more people per household than the USA yet they are not, on average, wealthier than the USA.
To try and claim a relationship between household size and average income is illogical, and in fact, goes against the evidence we have at hand. This is elementary critical thinking.
Landon Myers
>This is what our religious devotion to capitalism gets us
>He thinks corporations are pro capitalism
Top kek
They want a welfare state payed by the people that work for them so that they don't have to pay living wages while getting out of taxes using loopholes and getting their pocket politician to scare any potential competition away
That's why the middle class shrinks every day
Liam Bailey
>If you think that the USA is wealthier because of the extra .5 people per household, then why isn't India even wealthier than the USA?
Are you retarded?
I can't discuss this with you anymore if you are going to strawman this hard.
Camden Hughes
>He thinks corporations are pro capitalism
yeah duh
Jonathan Watson
No worthwhile rebuttal. I'm not surprised. Learn what strawman means, btw.
Ethan Gutierrez
He's right though.
We probably get paid more than your average American but houses are at least $700k these days
th-thanks China
Anthony Ramirez
except USA is more socialist than Australia, you spend 19.2% of GDP on social expenditure and Australia spends 19%
Jack Phillips
If you can't afford your medical bills, you must be poor. Hence, get on Medicaid.
Sebastian Cook
By George, he's right.
Jace Garcia
>houses are at least $700k
$1M in San Diego.
Daniel Hernandez
>Be American
>have two weeks of paid leave
>don't keep it
>if you do, be ready to reply any and all work e-mails and calls
>laugh at Chinese for veing robot workslaves
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Camden Taylor
But you guys have 50 states all spread out. For us most major cities are the same with prices, and the ones that aren't are completely isolated and barren
Kevin Stewart
My gross per annum is 30k, net is 25k.