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Wealthiest Middle Class

Enter an answer into the box. List of countries with the highest median wealth, not yearly income. Median is the halfway point if you were to list household wealth in order. Use of median is more accurate than mean (average) since the latter allows for a few numbers at either the high or low to distort the results. Updated in 2022 and expanded to 20 countries.
Quiz by hwes
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Last updated: December 29, 2023
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First submittedJune 21, 2013
Times taken212
Average score85.0%
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Hint
Answer
$413, 193
Iceland
$360, 715
Luxembourg
$249, 937
Belgium
$247,453
Australia
$193, 065
New Zealand
$186, 041
Denmark
$167, 353
Switzerland
$151, 825
United Kingdom
$143, 887
Norway
$137, 633
Canada
Hint
Answer
$133, 137
France
$112, 450
Netherlands
$108, 247
Taiwan
$107,739
United States
$107, 507
Spain
$107. 315
Italy
$103, 681
Japan
$99, 488
Singapore
$96, 835
Malta
$92, 719
South Korea
kalbahamut
+1
Level 82
Jun 22, 2013
Fine quiz, but you may want to include some brief explanation of what "median wealth" means since people are so used to looking at average (mean) incomes or GDP per capita which have nothing to do with the statistic you chose to focus on.
kalbahamut
+1
Level 82
Jun 22, 2013
Also, is a> is the data you are going on? Or did you find something more recent? This chart has rankings thusly:

1. Australia

2. Italy

3. Japan

4. UK

5. Switzerland

6. Ireland

7. France

8. Canada

9. Norway

10. Finland

11. Spain

12. New Zealand

13. Netherlands

14. Israel

15. China/Taiwan

16. Germany

17. USA

18. Sweden

19. Denmark

which is quite a bit different than the above list.

kalbahamut
+1
Level 82
Jun 22, 2013
whoops. this
hwes
+1
Level 85
Jun 22, 2013
We have the same source -- Credit Suisse - except I have the 2012 version and you have the 2011 version. Yes, the median wealth is different than both income and the mean wealth. Citing the mean wealth would allow distortions caused by a few either extremely high or low numbers.
kalbahamut
+1
Level 82
Jun 23, 2013
The median invites other types of distortions. Just two different ways of trying to find the middle of a group. I wasn't saying one way was better than the other just that one is more commonly used and understood.
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