Not 🚀 at all unless you think the housing crisis is 🚀. Because that’s where 90% of that “wealth” is: overpriced homes.
Remember that usually the primary residence is not included in the wealth per person calculations. Usually, but I am not sure where this table comes from.
Two important considerations:
1. the gini index (inequality) is relatively low if compared to Germany or the US
2. too many people are obsessed about the INCOME inequality and conveniently forgets WEALTH inequality. Today, it is the second that creates social problems. Some income inequality (provided that incomes come from work) is atually necessary to allow people to climb the social ladder and overcome the family wealth inequalities at birth.
Where is this data coming from? Population of 498000 is horribly out of date (it’s from 2009!!)
If you take the overinflated housing prices out of the equation, we’re the richest population in the world in terms of combatting poverty.
Apologies, I am quite lowering both mean and median haha
Well not in my bank account. So idk why 🚀
Is that the “wealth” you owe to your bank?
Can someone explain what this means for my stupid ass?
So much wealth and relatively equally distributed. Way to go Lux.
I’m going for an upgrade moving from Sydney to Luxembourg. 😃
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Not 🚀 at all unless you think the housing crisis is 🚀. Because that’s where 90% of that “wealth” is: overpriced homes.
Remember that usually the primary residence is not included in the wealth per person calculations. Usually, but I am not sure where this table comes from.
Two important considerations:
1. the gini index (inequality) is relatively low if compared to Germany or the US
2. too many people are obsessed about the INCOME inequality and conveniently forgets WEALTH inequality. Today, it is the second that creates social problems. Some income inequality (provided that incomes come from work) is atually necessary to allow people to climb the social ladder and overcome the family wealth inequalities at birth.
Where is this data coming from? Population of 498000 is horribly out of date (it’s from 2009!!)
If you take the overinflated housing prices out of the equation, we’re the richest population in the world in terms of combatting poverty.
Apologies, I am quite lowering both mean and median haha
Well not in my bank account. So idk why 🚀
Is that the “wealth” you owe to your bank?
Can someone explain what this means for my stupid ass?
So much wealth and relatively equally distributed. Way to go Lux.
I’m going for an upgrade moving from Sydney to Luxembourg. 😃