An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Tuesday, May 12, 2020
Mark Krugger - American Families Only Half as Rich as Those in Chinese Cities
The ratio of average to median net worth is a measure of how equally wealth is distributed. If everyone’s wealth was exactly the same, the ratio of the two net worth measures would be 1.0. China’s mean household net worth is double its median. The ratio in the US is seven times, pointing to a much more unequal distribution of wealth.
Mark Krugger - American Families Only Half as Rich as Those in Chinese Cities
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