Hillwilliam -> RE: MSNBC: Supreme Court expresses skepticism over constitutionality of health care mandate (3/28/2012 10:02:01 AM)
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ORIGINAL: provfivetine quote:
ORIGINAL: Musicmystery Old numbers...here are more up to date ones. As reported in the December/January 2012 issue of Money Sense, Canada’s average median citizen's net worth has topped the United states. A Credit Suisse 2011 Global Report found that Canadians are now officially wealthier than Americans. The median net-worth per adult in Canada is $89,014 US, but in America, it's $52,752 US. The median amount represents an individual with a net worth in the middle range relative to the rest of the country. However, if you look at the average net worth per adult in the two countries, you will find very different results. The average net worth of Canadians in general is $245,455 US, and in the United States, the average net worth for citizens is $248,395 US. The reason the average figures are so much higher than the median figures is that the average figures are skewed by the extremely wealthy. The United States has 32% of the world's billionaires, so this fact alone significantly raises the overall net worth of America. http://lsminsurance.ca/life-insurance-canada/2011/12/canadas-net-worth-tops-the-united-states "Average median" is a strange way of measurement. There could be some statistical gimmickry at play here. I'd be interested reading up on this survey's research method (the official survey link is broken, unfortunately). I'm not sure if the US does surveys per-adult median income. Most of those surveys, to my knowledge, calculate median household income. It would be interesting to see other studies, because this doesn't seem right. Translation: It goes against your pre concieved notions, therefore it must be untrue. Am I close?
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