An inconvenient truth
January 20, 2025•87 words
US median net household wealth, 2021: $166,900
UK median net household wealth, 2018-2020: £302,500
In 2021 the £/$ rate was on average about 0.73, so converting both to dollars:
- US: $166,900
- UK: $414,380
Median UK net household wealth was more than double that of the US in 2021. I am sure the same is true for several other European countries.
And Elon Musk has $400,000,000,000: more than two million times the median US household wealth.
Oh, and there's a functioning democracy in the UK.
Oops.