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
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.
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
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%.
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.
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.