You can argue about prices in Sydney all you want but i moved from Sydney to the USA and the situation isn't any better. In fact it's a lot worse. House prices in California are just as crazy. The wealth discrepency is also more obvious. Shanty towns under bridges worse. Like the 10 or so tents you see in Sydney's hyde park don't compare to the 3 miles in San Francisco of tents. Obviously there's benefits if you're in tech to being in the USA as that's where the market is but other than that it's far worse. The insane taxation system in the USA is not helping here either. There's an obvious need for the USA to look to countries like Australia and adopt our methods of governance but the assumption that the USA is best is unfortunately preventing this change.

Who said anything about high housing costs?

What I meant was my country’s vast wealth in the form of natural resources hardly helps me pay for my day to day expenses. What matters is my income and my personal, disposable wealth. Which your ranking is not measuring.

That’s why you have bizarre numbers like the average Australian having 3x the wealth of Americans.

It also doesn't measure resources. The median wealth is the assets at disposal for the average citizen. eg. if they sold their homes, cars etc. Australia has 3x the wealth which isn't bizzarre. It's new and hard to grasp for a lot of people since this has only happened since 2008. But the USA has fallen. It's fallen a lot. The typical US citizen is far far poorer than people from many other countries. This is an objective fact. It's also obvious to anyone who see's the USA in its current state. Things are bad. They need to change.

Read your link and what I quoted. It does measure natural resources and a bunch of other “wealth” that goes far beyond personal, disposable wealth.

You basically referenced a link you didn’t read.

And like I said, when you look at the ranking it doesn’t make sense unless they did include things beyond personal wealth. You really think the average Spaniard is wealthier than the average Norweagean?

Agree completely. I think these numbers look more realistic as well: https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)...

Sorry for the "downvotes are the disagree button" that you are experiencing for raising good and interesting discussion points, and frankly calling out misleading numbers that were posted. I didn't know that the average German was worse off and poorer than the average person from Greece (I guess finally the wealth transfer from Germany to Greece is being reflected in the numbers! - kidding, kind of).

That reinforces the whole point i'm making. The USA is wealthier per person. The USA is poorer on median wealth. This occurs because the wealth is concentrated in a small number of extremely wealthy people whilst the typical person is poorer. This can be easily fixed to the benefit of the majority with higher taxes on the ultra rich.

The point you’re making seems to change every time someone provides data that shows it’s not accurate.

First it was Australia was 3x wealthier than the US. Now it’s that the US is poorer on a median level, yet I see no data.

Poorer than Australia? Sure whatever. I’m just glad we are way ahead of countries like Germany, Finland, Denmark, Sweden, and the Netherlands. Maybe they should adopt our style of government to improve.