Tuesday, October 19, 2010
Americans Slipping in International Wealth Gap
A year ago, the average wealth per american adult in the United States was just under $200,000, and has grown to over $230,000 in 2010. This includes all assets such as real estate, cash, etc. Despite this drastic increase in wealth for Americans, they fell from second internationally behind Switzerland to seventh behind Switzerland, Norway, Australia, Singapore, France, and Sweden. What does this slipping in the rankings mean? Are Americans becoming poorer compared to other countries, or is the country reaching more equality?
Subscribe to:
Post Comments (Atom)
1 comment:
it depends on what the article means by average: if America was becoming more equal the average wealth per American wouldn't change the mean average. I think it is also important to note that all the countries ranked above us are also a lot smaller, so while our average wealth per person is lower, our total wealth as a country could still be higher. One thing that I think is interesting is that American's are known for their hard work and individualism, etc many of the countries above us follow the welfare model that we studied in class...
Post a Comment