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But the countrys unequalwealthdistribution is overlooked by those just considering the national wealth average.
Also see the U.S. states with the most income inequality.
What Does the Difference Between Average and Median Wealth Tell Us About Wealth Distribution?
For example, the average of dataset 3, 7 and 8 is 6.
Median is the middle value whenall data pointsare arranged in order from low to high.
For example, the median of 3, 7 and 8 is 7.
Average (mean) wealth can be significantly inflated by extremely wealthy individuals.
The presence of a few billionaires at the high end of the scale wont skew the median upward.
Median wealth per adult is a staggering 80.5% lower than average wealth levels.
Denmark
A relatively small country, Denmark ranks fourth in both mean and median wealth per adult.
So while there may beless overall wealthin Spain, its spread across the population more equally.
Greece
Greece ranks 25th in both average and median wealth per adult.
However, like the U.S., it has significant wealth disparity.
Data is from the2023 UBS Global Wealth Reportand was reported byVisual Capitalist.
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