☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to Economics@lemmygrad.mlEnglish · 8 days agoThe bottom 50% in China has double the average net worth of the bottom 50% in the US. This is despite China having 1/3rd of the GDP per capita (adjusted for purchasing power) of the US.lemmygrad.mlimagemessage-square18linkfedilinkarrow-up183arrow-down11file-text
arrow-up182arrow-down1imageThe bottom 50% in China has double the average net worth of the bottom 50% in the US. This is despite China having 1/3rd of the GDP per capita (adjusted for purchasing power) of the US.lemmygrad.ml☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to Economics@lemmygrad.mlEnglish · 8 days agomessage-square18linkfedilinkfile-text
https://wid.world/share/#0/countriestimeseries/ahweal_p0p50_z/US;CN/2019/eu/k/p/yearly/a/false/-4297.1145/8000/curve/false
minus-squareIdliketothinkimsmart@lemmygrad.mllinkfedilinkarrow-up20·8 days agoMakes it even worse if people living in rural villages in China have a higher net worth than the Americans “living a perfectly fine modern life”
minus-squareGaveUp [she/her]@hexbear.netlinkfedilinkEnglisharrow-up4arrow-down8·edit-28 days agoMy point is that net worth doesn’t actually mean much as a data point. The average homeless person has a higher net worth than the average Ivy League, medical school, and law school graduate
minus-squareIdliketothinkimsmart@lemmygrad.mllinkfedilinkarrow-up7·8 days agoIt’s an average net worth, my guy
Makes it even worse if people living in rural villages in China have a higher net worth than the Americans “living a perfectly fine modern life”
My point is that net worth doesn’t actually mean much as a data point. The average homeless person has a higher net worth than the average Ivy League, medical school, and law school graduate
It’s an average net worth, my guy
deleted by creator