Monday, July 08, 2013
An under-appreciated reality crushing our neighbors
In a ranking of the median wealth of its citizens, the United States comes in 27th in the world. Fifteen countries have a median worth of their citizens more than double that of the United States. The median wealth of a United States citizen is only $38,786. These numbers point up the growing challenge of basic household asset poverty. The long recognized measures of extreme poverty remain much lower, but the impact of these numbers from our neighbors just up the economic rung unsettle anyone who is paying attention to the state of our society.