A kilo of gold is worth about $193k currently, which depending on where you live and how old you are means different things. For example, if that was your whole net worth and you are a Baby Boomer in the US you’d be about $1.5M below the average family. If you’re under 35, though, you’d be slightly above average. (Via kiplinger)
FWIW because the top 1% have so much wealth they skew the average significantly - overall the median net wealth in the US is right around that $193k number, but the average is just over $1M, which is pretty amazing.
$200K in net wealth would just about put you into the global top 10% and into the top 1% if those were your earnings for the year.
the median net wealth in the US is right around that $193k number, but the average is just over $1M, which is pretty amazing.
I’d say that the median is the average in this case. The mean usually works as a mathematical average, but in this example, it’s clearly skewed.
The difference isn’t between median and average, but between median and mean.
