Why are Great Britain and United Kingdom both on the list?
Nice catch, you are right. They basically counted it twice, so it looks like we are #26. USA! USA! Here is the raw data source. It starts on page 93 http://www.usagainstgreed.org/GlobalWealthDatabook2012.pdf
GB includes Northern Ireland…. sorry, still 27
Fair enough, but if you notice, the numbers for the two entities are the same and also I didn’t see a split in the raw data so I don’t know why they listed it twice in this chart.
not quite the same… sorry.
Not to put too fine a point on it, but the UK includes Northern Ireland, Great Britain does not.
This is median “wealth” not median income. All this proves is that other countries not taking advantage of credit leverage. That is as much cultural as economic.
Wealth is assets minus debts. “Leveraged” wealth is still wealth. Income is what you get, but what you keep is far more important and that’s best measured in term of wealth.
The graph is too small – I can’t even read it and it won’t enlarge!
This is a bunch of propaganda bullshit! How can Australia’s median middle class income be close to $200,000 (USD) when their actual median income is $43,000 (USD) (Just like the US)!?! This is just propaganda that is trying to be spread by a very far left organization. The source “Global Wealth Data Book” was created by a organization called “Us Against Greed”. I am not advocating people being greedy, but it sounds like these people have message to prove and they are going to fling as much shit as they can to fill our heads with propaganda. Just FYI……
Bro, what are you talking about? This is a Credit Suisse report that I linked to earlier. Go read the data and methodology and then you can enlighten us all on specifically what you have issues on. I’ve never heard Credit Suisse called a “very far left organization.” Mike
Here you go, I think we’d all love to hear your specific issues with the report after having read the sections you have issues with. Download here:
Its wealth not earnings… Most people in the common wealth BUY and OWN their own HOUSES and CARS. They dont rent like in the US. Just looking at the local house prices alone the Australian figures looks about right.
It should be a rate not a dollar amount compared with cost of living and include both income and assets.
I’d like to see the historical data on this- how has the US ranking changed over the years. Does Obama’s strategy for “additional job training” and “education” work, rather than previous admins approach to strengthen the economy by making a favorable business climate? Which works? Could be wrong, but I’m guessing the gap has widened during Obama’s terms.
has nothing to do with “wealth”. Obama does not force you to buy houses or cars. But in saying that, the change that Obama has done we will not see the results until he is no longer the president. The suffering we are going through right now stems from 2001. Thanks to GWB stealing the election twice. We are grieving.
Here’s something I found from CNN Money…
NEW YORK (CNNMoney) — The average American family’s net worth dropped almost 40% between 2007 and 2010, according to a triennial study released Monday by the Federal Reserve.
The stunning drop in median net worth — from $126,400 in 2007 to $77,300 in 2010 — indicates that the recession wiped away 18 years of savings and investment by families.
The Fed study, called the Survey of Consumer Finances, offers details on savings, income, debt, as well as assets and investments owned by American families.
So it looks like the great recession and Obama’s failure to address it (more interested in taking advantage of a crisis to expand the government rather than help the business climate) has created the drop. Othwerise, we looked pretty good in 2007!
Here’s the link to the previously mentioned article…
Think white middle class America is up there with the Aussies. Plus the Aussie figures do not include their outback natives, ours do(American Indians).
One cant send statistics sheets to Aborigines if they dont have a postal address when they go walk about. In terms of income I’d say about the same. But in terms of wealth? Aussies got American beat as majority of “white” middle class American still rents.