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
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.
Wait a second, so if anyone found a 1KG of gold he is still pretty average?
I am surprised.
It just goes to show you how ridiculously wealthy the top couple of percent are.
If you got rid of the top 1% $90,000 in free cash would make you well off.
Why surprised?
If you do the same as everybody does, then it is the exact definition of average.
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
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.
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.
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%.