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 latter allows for a few numbers at either the high or low to distort the results. Countries with greater inequality of wealth such as the US would probably do better if mean rather than mean were used.
Quiz by hwes
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Last updated: June 21, 2013
First submittedJune 21, 2013
Times taken156
Average score86.7%
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Hint
Answer
$193, 653
Australia
$153,697
Luxembourg
$141,410
Japan
$123,710
Italy
$119,937
Belgium
$115,245
United Kingdom
$95,685
Iceland
$95,542
Singapore
Hint
Answer
$87,137
Switzerland
$81,649
Austria
$81,610
Canada
$81,274
France
$79,371
Norway
$73,487
Finland
$63,000
New Zealand
+1
Level 84
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.
+1
Level 84
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.

+1
Level 84
Jun 22, 2013
whoops. this
+1
Level 83
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.
+1
Level 84
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.