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Reply to "GDP, average wealth and median wealth - what do these tell me?"
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[quote=Anonymous][quote=Anonymous]Australians are able to save more, so maybe lower cost of living?[/quote] I don't think so. The cost of living is pretty high in Australia. Australia has a significantly higher minimum wave ($24.95 Australian which is $17.62 USD compared to $7.25 USD). Australia also has a much more generous safety net, which means that Australians who experience medical crises aren't losing their life savings, and that Australians aren't spending their money bailing out relatives in crisis. But let's pretend it's the Starbucks. That's much easier to tolerate. [/quote]
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