Comment Re:Average European-25% Average American (Score 2) 309
This statistic is pretty worthless on its own.
If cost of living is 2x higher in europe than in US, you in fact have less (number i just made up to illustrate a point).
Just because the median wealth is higher, doesn't mean you have more money. If i were working in california, i'd be poor, because the cost of living is nearly 2x where I live. So a californian's doing the same thing as me may have more wealth, but do they have more net wealth? no