> **Wealth** is the abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions. […] **Net worth** is defined as the current value of one’s assets less liabilities (excluding the principal in trust accounts).
How come Norway, Ireland, etc. are comparable to Czechia in this aspect?! 😳
I thought the UK would be worse.
Gypsies definitely skew the results for Romania and Bulgaria
I really struggle with the colouring on a lot of these graphs due to colour blindness. Going from very light to very dark would be easier to see than this as unfortunately the 0-10 and 40-50 look the same to me.
Doesn’t seem very plausible.
Unless it is adjusted to shopping power this is quite meaningless.
Kinda useless graph to draw any useful conclusions.You can have a Spartan lifestyle and considered wealthy or you can live in luxury by taking big loans based on your salary and assets and considered poor.
Haha suck it Binland
We need a different definition of wealth. E.g. If a country has a good social system which provides unemployment benefits, health care, pensions etc., this won’t be counted as individual wealth and since it has to be financed by tax money it will even decrease individual wealth.
I have trouble believing this. Czechia and Slovakia have common recent history (which to a big degree eliminated old money), have similar income Gini, similar income levels (actually a bit larger for Czechia), similar society structure (Slovakia has more gypsies) etc. yet according to this Czechia has 3 times more “poor” people than Slovakia. I don’t really see any explanation for such a difference.
Those numbers cannot include debts. So many more people would have negative wealth otherwise.
Portugal is so Eastern Europe
Sweden and Romania on the same place ? Didnt expect that
Is it informative? Beautiful? Or just some colouring exercise?
Wait, what? Czech Republic! You’re supposed to be our rich/less poor cousin, what’s going on?
100k usd doesn’t have the same purchase value anywhere so this is very misleading
20 comments
[source – Global wealth databook 2021 by Credit Suisse](https://www.credit-suisse.com/about-us/en/reports-research/global-wealth-report.html) – (Same source as the median wealth map from yesterday.)
Best 3:
1. Iceland – 6.0%
2. Germany – 10.6%
3. Slovakia – 11.6% (What’s the secret?)
And for comparison:
1. China – 20.9% (Better than Norway, Sweden or Ireland! – according to Credit Suisse)
2. USA – 26.3%
3. Russia – 72.8%
Just a PSA on what [Wikipedia](https://en.wikipedia.org/wiki/Wealth) considers wealth:
> **Wealth** is the abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions. […] **Net worth** is defined as the current value of one’s assets less liabilities (excluding the principal in trust accounts).
How come Norway, Ireland, etc. are comparable to Czechia in this aspect?! 😳
I thought the UK would be worse.
Gypsies definitely skew the results for Romania and Bulgaria
I really struggle with the colouring on a lot of these graphs due to colour blindness. Going from very light to very dark would be easier to see than this as unfortunately the 0-10 and 40-50 look the same to me.
Doesn’t seem very plausible.
Unless it is adjusted to shopping power this is quite meaningless.
Kinda useless graph to draw any useful conclusions.You can have a Spartan lifestyle and considered wealthy or you can live in luxury by taking big loans based on your salary and assets and considered poor.
Haha suck it Binland
We need a different definition of wealth. E.g. If a country has a good social system which provides unemployment benefits, health care, pensions etc., this won’t be counted as individual wealth and since it has to be financed by tax money it will even decrease individual wealth.
I have trouble believing this. Czechia and Slovakia have common recent history (which to a big degree eliminated old money), have similar income Gini, similar income levels (actually a bit larger for Czechia), similar society structure (Slovakia has more gypsies) etc. yet according to this Czechia has 3 times more “poor” people than Slovakia. I don’t really see any explanation for such a difference.
Those numbers cannot include debts. So many more people would have negative wealth otherwise.
Portugal is so Eastern Europe
Sweden and Romania on the same place ? Didnt expect that
Is it informative? Beautiful? Or just some colouring exercise?
Wait, what? Czech Republic! You’re supposed to be our rich/less poor cousin, what’s going on?
100k usd doesn’t have the same purchase value anywhere so this is very misleading
How can Belgium be so rich?!? Always wondered…
Nyet