Re:U.S. net saving as a percentage of gross national income
by rsynnott on Tuesday November 07, 2023 @10:42AM
(#38178102)
> Germany's median wealth per adult is a mere $66,000. They should be asking some serious questions. Greece is at $53,000 and Portugal is at $70,000 for refence. The UK is up at $151,000, with France and Canada around the $135,000 area.
A lot of this is related to differences in (a) rate of home ownership, and general structure of the housing market, and (b) how pensions work. There's some messiness, but in general these measures of wealth don't account for defined benefit pensions (ie a pension where you get X$, inflation adjusted, per month until you die) very well.
A lot of this is related to differences in (a) rate of home ownership, and general structure of the housing market, and (b) how pensions work. There's some messiness, but in general these measures of wealth don't account for defined benefit pensions (ie a pension where you get X$, inflation adjusted, per month until you die) very well.