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The bottom 50% in China has double the average net worth of the bottom 50% in the US. This is despite China having 1/3rd of the GDP per capita (adjusted for purchasing power) of the US. (lemmy.ml)
submitted 5 days ago by yogthos@lemmy.ml to c/economics@lemmy.ml
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https://wid.world/share/#0/countriestimeseries/ahweal_p0p50_z/US;CN/2019/eu/k/p/yearly/a/false/-4297.1145/8000/curve/false

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[-] pinball_wizard@lemmy.zip 9 points 5 days ago

This is good awareness to raise. The US can and should do better, on this metric.

Needlessly leaving people in poverty isn't just unethical, it's foolish.

[-] LENINSGHOSTFACEKILLA@hexbear.net 10 points 5 days ago

Not as long as America remains capitalist, it can't and won't.

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this post was submitted on 11 Jun 2025
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