Sure, but that's hardly a panacea. There are better and worse analysis, but this stuff is genuinely not easy to do well. No simple statistic alone will do it if you are comparing quite different distributions.
The US is well below many European countries (and others) by median wealth, and well above the same ones by mean wealth; That doesn't paint a clear picture either.
>The US is well below many European countries (and others) by median wealth
The US ranks 6 in median household income and median per capital income. The ones above us are much smaller nations, and it's easier to for them be statistical outliers compared to a large nation like the US. California, which has a larger population than any nation that scores better than the US in median income, blows any of them outside the water no matter what wealth metric you use.
That would put US at 3 by mean and 22 by median. Countries above it by median would include UK, Japan, etc. Of course most countries are smaller by population, but that's not like comparing to Luxembourg.
I think we are agreeing, each one of this sort of comparison give you different information, which makes it difficult. Especially considering that, to your point, looking at Cali or Miss. gives a lot of variance by itself.
Sure, but that's hardly a panacea. There are better and worse analysis, but this stuff is genuinely not easy to do well. No simple statistic alone will do it if you are comparing quite different distributions.
The US is well below many European countries (and others) by median wealth, and well above the same ones by mean wealth; That doesn't paint a clear picture either.
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