Australia has just overtaken Switzerland to become the number 1 country for median wealth per adult

>I'm well below the median

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what does median wealth mean? like net worth?

how tho

In the 2017 report the only thing it says is
> Disregarding Iceland, for which the data are less reliable, Switzerland has headed the global rankings every year
And the 2018 report is a copy paste job with the figures adjusted. It's not exactly clear

>finland right above greece above sweden
>italy and spain around norway
Is this a real chart? WTF is going on?

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Median is the middle number in a set of sorted numbers. It's going to be lower for countries like America despite their higher gdp per capita because their wealth distribution is abysmal.

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>tfw 0 wealth because I spend all my money

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He didn't ask median, he asked what wealth means.

yes i know what median is, my question is more regarding the word wealth

On what?

this map seems to be accurate but 3 years old. is average a better measure than median or how does it work? i am not good at maths

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Oh right, yes net worth

with houses?

Apparently 1 in 22 adults (4.5%) in NZ are millionaires. That's crazy.

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oops, wrong thread.

>Denmark supposedly have 58 000 more millionaires than Norway
Laughable

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House prices + superannuation were the main factors for us apparently. But it's weird because our house prices are collapsing at the moment

Why are they colapsing?

I'm technically a millionaire but it's worthless because I have no cash. I'm surprised it's not more common but I guess people are still paying off their million dollar houses

We've all been aware we've been living in a property bubble for aaaages more due to dodgy bank loan practices than the meme of Chinese millionaires. There's been some cracking down on the banks finally so it's deflating to hopefully a more healthy level. But there's a large risk it won't stop decreasing and no one is exactly sure what's going to happen

>our house prices are collapsing at the moment
I wish. They're going down a bit but they need to. They're not collapsing.

I don't know what % you need to call it a collapse but it's widely expected to be around 20% minimum.

>But there's a large risk it won't stop decreasing and no one is exactly sure what's going to happen
A house has a great intrinsic value, they can't go down too much.

Sounds good to me. And I'd call or a collapse if it happens very quickly. Which isn't what's likely to happen by my understanding.

it's not really an issue if you are below the median age as well (37), you gather more wealth as you get older
my wealth is probably like 140-150k and I am 30, plenty of time to catch up

My country is a dump

where's brazil mate?

off the radar

Why would a homeless man spend their time on a library computer on Jow Forums?

there is no real risk of a collapse, the media plays it up to get more traffic
the price of apartments and units will probably drop for a while but actual detached houses will always be going up, our immigration per capita is higher than any western country and there is no chance we can outpace that with new houses

Let another 6 million rich chinese in and you'll be even wealthier, mate.

around 2000 below the chart.

you have to thank chinese intellectuals for this, inbred anglo offspring
can't wait for them to replace us too, so this shithole can at least beat mexico and other 5th world villages

Why would immigrants raise the price of houses instead of apartments? Shouldn't it be the opposite?

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units have no land value and the supply outpaces demand easily leading to price drops
houses have land value and can't be built as quickly
also our immigrants come from the west as well, they want a house

>also our immigrants come from the west as well, they want a house
Nobody here would expect a house It's only anglos afaik.

Lmaoing at Ameripoors

I went to my grandma for Christmas, she lives in an absolute shithole little town urban sprawled an hour away from south western Sydney where the centre of town is just fast food and highways. Even there a generic houses in those horrible Americanised arrival suburbs were going for $700 thousand AUD.

i would expect australians to be richer, having a continent to themselves. its literally an extraction economy, banana republic. shithole.

Why is Germany so poor?

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Specifically it looks like they changed how they calculate median wealth, since the average (mean) wealth is mostly unchanged.

>1 in 22 adults own a house in Auckland
Wow, color me shocked
Boomer genocide when?
This country has literally no wealth except for artificially inflated house prices and mansions built by rich foreigners.

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