Post #3353 by mungofitch on the Macroeconomic Trends and Risks board

Personal Finance Topics / Macroeconomic Trends and Risks

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By median household income (PPP) — AKA money in the typical family’s pocket — the U.S. still ranks ~#2 in the entire OECD.

If I am not greatly mistaken, median household net income at PPP after tax, transfers, and health care costs is considerably higher in Canada than in the US.

Without a doubt the US has a higher average household income--but that's mainly because it has a bunch of resident plutocrats. Good for them, and I don't begrudge them their success, but the typical Joe does better in Canada. Median household net wealth is a little shy of twice the US figure at current exchange rates. An even bigger ratio at PPP.

Can't ignore skew.

Or plutocrats : )

Jim

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