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Post by Soutpeel on Aug 22, 2018 9:47:11 GMT 7
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Post by Fletchsmile on Aug 27, 2018 12:41:27 GMT 7
Very surprised to see the US at the top of the table and by such a wide margin.
Makes me wonder the basis on which they've calculated these things, as it's only described in overview, which doesn't really let you think about and analyse the numbers.
They mention real estate or housing wealth is excluded. (BTW I presume they therefore exclude mortgages on the liabilities side). For many/most people their house is their biggest asset, sort of undermines the whole results.
It's often what's not there rather than what's there when we look at these surveys.
The other thing that skews the results are the ultra wealthy. Bill Gates, Zuckerberg, Buffet etc, will certainly skew US averages. I always like to see the median as well as just the (mean) "average".
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AyG
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Post by AyG on Aug 27, 2018 17:20:03 GMT 7
The other thing that skews the results are the ultra wealthy. Bill Gates, Zuckerberg, Buffet etc, will certainly skew US averages. I always like to see the median as well as just the (mean) "average". Indeed. Whilst looking at the survey results the US comes first (out of 38) for "Household net adjusted disposable income" and "Household financial wealth", yet it comes 34th for "Social Inequality".
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siampolee
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Post by siampolee on Aug 27, 2018 20:00:49 GMT 7
What springs to my mind on this topic is the quote. There are lies, dammed lies, and statistics. As said, disproportionate wealth does tend to skew the facts a tad.
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oldie
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Post by oldie on Aug 28, 2018 8:15:24 GMT 7
Apparently I have over $57K tucked under a mattress somewhere.
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