The mean and the median wealth differences is the most striking. USA is second on mean wealth and 27th in median (just ahead of Greece). A few trillionaires pulling it up with nothing trickling back down.
Still wealthy either way but I always find it a bit jarring how skewed the US self perception is since people generally experience something closer to the median.
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The mean and the median wealth differences is the most striking. USA is second on mean wealth and 27th in median (just ahead of Greece). A few trillionaires pulling it up with nothing trickling back down.
Still wealthy either way but I always find it a bit jarring how skewed the US self perception is since people generally experience something closer to the median.
Note that Caplan is focusing on medians and percentiles in his table, not on means.
There has only been one of those in history, and he is no longer one.