One possible reason is that the pay gap ratio between Japanese CEOs and the average worker is much lower than other developed nations. Here is a full ranking of the top 20 countries by mean and median wealth: The United States boasts 41% of the world’s millionaires, but it’s clear that the fruits of labor are enjoyed by only a select group—average wealth ($403,974) is almost seven times higher than median wealth ($61,667). At $677 billion, the Defense category represents over half of total discretionary spending. America’s debt recently surpassed $27 trillion. Households Debt to Income Personal Savings Personal Spending Private Sector Credit Retail Sales MoM Retail Sales YoY. The table has current values for Bankruptcies, previous releases, historical highs and record lows, release frequency, reported unit and currency plus links to historical data charts. For FY2019, this was approximately $327 billion. While precious metals can’t be produced out of thin air, U.S. debt can be financed through central bank money creation. Visualizing the State of 5G Networks Worldwide, Charting America’s Debt: $27 Trillion and Counting, Comparing Recent U.S. Presidents: New Debt Added vs. This site uses Akismet to reduce spam. Corporate income taxes, on the other hand, accounted for just 7%. Visualizing All of Earth’s Satellites: Who Owns Our Orbit? In fact, the data shows that both nations top the lists for both mean and median wealth. Looks bad, but if they own $1,000,000 in property, and a $1,0000,000 in shares, it can appear very different. Some of this debt is that they call Good debt, borrowing to buy investments, but some is not good debt in that sense, as there is no intrinsic return on the item purchased. See: List of national debt by country.… External debt is the total public (government) and private debt owed to non-residents repayable in internationally accepted currencies, goods, or services. The most common forms of consumer debt are Mortgages, Vehicle Loans, Household Item Loans and Credit card debts, although some quoted figures of consumer debt exclude mortgages, which is why I have tried to show both figures in the examples above. The federal debt totaled $20,244,900,016,054 in 2017. We used U.S. public debt in our calculations, a measure of debt owed to third parties such as foreign governments, corporations, and individuals, while excluding intragovernmental holdings. This page provides values for Bankruptcies reported in several countries. The table below lists countries in the world ranked by GDP at Purchasing Power Parity (PPP) per capita, along with the Nominal GDP per capita. In the first group, wealth is distributed more evenly, with the disparity between the lowest-paid and highest-paid being $300. To read the prior two Stewart Blogs on debt click: http://blog.stewart.com/stewart/2019/07/16/another-top-10-list-greatest-and-least-debt-per-capita-by-state/, http://blog.stewart.com/stewart/2019/07/18/another-top-10-list-the-greatest-and-least-state-local-debt-per-capita/. Some argue, for example, that calculating the mean doesn’t factor in the gap between the richest and poorest in a population—also known as wealth inequality.

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