• tal@lemmy.today
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    3 hours ago

    A lot wealthier, but that’s in significant part because most of the world is very poor relative to most people reading this. Some guy in Sudan isn’t gonna be reading your post.

    https://en.wikipedia.org/wiki/List_of_countries_by_wealth_per_adult

    Median global wealth per adult (2023):

    North America: $108,918

    Europe: $28,611

    China: $27,273

    World: $8,654

    Latin America: $6,341

    Asia-Pacific (excluding China and India): $5,176

    India: $3,755

    Africa: $1,242

    I think that you’re going to have a hard time getting fine-grained data globally, though, because lots of countries just don’t gather data and those that do often don’t measure it in the same way. I really wish that the UK had stayed in Eurostat when leaving the EU, because now getting comparable data for the UK and EU isn’t doable.

    If it’s the US (in 2021 dollars), on a per-household basis:

    https://www.census.gov/content/dam/Census/library/publications/2023/demo/p70br-183.pdf

    Median Wealth by Household Characteristics: 2021

    Typically someone tends to build up assets during their working life, and spend them in retirement, so age is gonna be a factor.

    Age of Householder

    Age Wealth ($)
    Under 35 30,500
    35 to 44 126,900
    45 to 54 186,000
    55 to 64 276,000
    65 to 69 341,400
    70 to 74 373,900
    75 and older 315,900

    Highest Level of Educational Attainment in Household

    Education Wealth ($)
    No high school diploma 8,460
    High school graduate 55,030
    Some college, no degree 90,810
    Associate degree 139,000
    Bachelor’s degree 266,600
    Graduate or professional degree 555,900

    Annual Household Income

    Quintile Wealth ($)
    First 12,000
    Second 61,260
    Third 145,200
    Fourth 269,100
    Fifth 805,400

    Also, just for good measure, since I suppose that “gold” would fall into “other asset holdings”, you’d be pretty high relative to the norm in that category:

    Composition of Wealth by Asset Type

    Category Percent
    Retirement accounts 34.1%
    Equity in own home 28.5%
    Stocks and mutual funds 11.9%
    Assets at financial institutions 8.1%
    Other asset holdings 4.6%
    Rental properties 4.3%
    Business assets 3.9%
    Other real estate 3.6%
    Vehicles 3.2%
    Bonds 0.7%
    Student loan and education-related expenses -1.5%
    Credit card and store bills -0.5%
    Medical debts -0.5%
    Other unsecured debts -0.4%
      • Alexstarfire@lemmy.world
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        3 hours ago

        Am I qualified? Would be nice to add to my resume.

        While a lot of questions can be figured out by web searches, most can lead to discussion. I just don’t see how this one could. The amount of money 1kg of gold is worth is not subjective, nor is where that places you in world wealth.

        It’s like asking what 2+2 is. Yea, someone can answer for you. Or you can use a calculator and figure it out yourself.

  • HikingVet@lemmy.ca
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    4 hours ago

    At current gold prices (Canada 11/02/25) that would be $133,537.92.

    Where that stacks up against the rest of the world 🤷🏻‍♂️

    • milicent_bystandr@lemm.ee
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      2 hours ago

      Going by @tal@lemmy.today’s post, that’d put you a bit above the median American (or double you, if you’re already a median American), or about a hundred Africans.

  • NOT_RICK@lemmy.world
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    4 hours ago

    The current value for a kg of gold is just over 93,000 USD which is comparable to the median wealth of people living in the Republic of Ireland (median wealth of $95,872). It essentially puts you in the top 25 wealthiest nations in the world as far as I can tell

    • Cat@ponder.catOP
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      4 hours ago

      Wait a second, so if anyone found a 1KG of gold he is still pretty average?

      I am surprised.

      • Dasus@lemmy.world
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        44 minutes ago

        Yea the value is more like a nice car, not a house.

        So it’s not that much.

        It’s a lot and would change the life of most people on the planet especially if used smartly, but it’s not a huge sum.

      • milicent_bystandr@lemm.ee
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        2 hours ago

        If you were already average, it could double your wealth - which could translate to something like a bigger house, investments, or a lump sum that’s huge compared to your normal available cash.

        So I think it’d still be a pretty big deal unless you’re rich. But I agree, less than I might have expected.

      • NOT_RICK@lemmy.world
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        3 hours ago

        Average in the context of wealthy industrialized nations, but globally not even close to median. I went with median over average as well because there are far more impoverished people globally than there are wealthy, and on the other end the wealthy are often wealth hoarding at an insane rate. Median values help minimize the impact of extreme outliers

      • ryathal@sh.itjust.works
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        3 hours ago

        Depends on what you mean by average. Existing in a developed country puts you in the top 50% of wealth globally. Owning a home is probably top 25%.

  • sunbrrnslapper@lemmy.world
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    4 hours ago

    That’s a car and a pretty good steak dinner in my neck of the woods. Unsure what that would get you in other areas of the world.

    • milicent_bystandr@lemm.ee
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      2 hours ago

      What if you’re a bicycle-loving vegan? Maybe an e-bike battery and a good herbal tea? I’d hope a kg of gold can get you at least two herbal teas