Posted on 09/21/2019 8:32:37 AM PDT by Olog-hai
People in the US are now the world’s wealthiest citizens, just ahead of the Swiss, a new global report shows.
The average net financial assets of people living in the US total €184,411 (around 202,900 Swiss francs) per capita against €173,838 for Switzerland, according to the latest Global Wealth Report published by German insurer Allianz.
The rise of the US to the top of the rankings is thanks in no small part to the strength of the US dollar, the report states.
While the US took top spot in the report, Switzerland continues to boast the highest gross financial assets per head in the world at €266,318 (against €227,364 for the US).
But debts in the Alpine country are far higher than in the US, with mortgages the main cause. …
(Excerpt) Read more at thelocal.ch ...
If we import more poor people, we can be even richer
But it’s all in the wrong hands!
So says Bill DeBlasio.
More winning.
That will make a heck of a campaign video. Show what the data at the end of The One’s year compared to now. Then ask if you want that to continue.
Sure, but basing this on the exchange rate is foolish. When the exchange rate moves up or down, it doesn’t mean that one country is getting richer than the other.
Switzerland is considered rich because it doesn’t take in indolent parasites. The USA is rich because Americans work hard. If we take in more indolent parasites we will become poor.
The cost of living in Switzerland is also insane.
The rise of the US to the top of the rankings is thanks in no small part to the strength of the US dollar, the report states.
...
The rise is due to the policies of President Trump enabling the productivity of law abiding citizens.
“” “” Switzerland is considered rich because it doesn’t take in indolent parasites. “” “”
LOL. When have you been to Switzerland last time? Not too much different from Germany in that sense.
Not to worry. Our soon-to-be-ruling oligarchy tyrants will confiscate wealth from peons and redistribute ......... to the ruling oligarchy. Four or five more election cycles should do it.
What a crock. Not reality for the masses of middle-class Americans. What a double crock of #$@#.
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