Despite Record Poverty, the US Has Made Most Gains in Global Wealth (with Charts!)

[Coyotl]

Despite Record Poverty, the US Has Made Most Gains in Global Wealth (with Charts!)
http://www.motherjones.com/mojo/2013/10/credit-suisse-global-wealth-report-2013

The United States is the wealthiest country in the world, in terms of GDP. But which country is the richest in terms of median wealth per person? Australia. The median wealth of adults there is $219,505, according to the Credit Suisse 2013 Global Wealth Report, which was released on Wednesday. In the US, the median wealth is only $45,000, compared to an average wealth per person of more than $250,000. Here are some other chart-tastic findings from the report.

Global wealth reached an all-time high of $241 trillion, up about five percent since last year. If all the money in the world were spread out evenly, it would amount to $51,600 per person. And here is a map of what it would look like if countries' GDP were spread out evenly among their populations.

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[MyshkinCommaPrince]

1. Interesting.

Why are income and wealth always discussed in terms of the median? It seems to me (in my not-inconsiderable ignorance) that the mode value might be more useful and illustrative. Google doesn't seem to want to tell me anything about the mode value for wealth or income in the U.S., however.

[blkmusclmachine]

2. America. Too Big To Fail?

What say you, GOPee???

[Corgigal]

4. We will find out shortly,

possibly either this week, or more likely by the end of the month.

[Coyotl]

5. Republicans, too stupid to see that they are failing America.

[RainDog]

3. k&r n/t