News Most reliable stat to indicate average wealth?

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The discussion highlights the significant wealth disparity in the U.S., where a high GDP per capita does not accurately reflect the living conditions of the average person. Critics argue that GDP per capita averages out the extremes of wealth and does not account for the majority's actual income levels, suggesting that median income or other metrics may provide a clearer picture. The conversation also touches on the limitations of GDP as an indicator of quality of life, proposing that a more comprehensive index could better compare living standards across countries. Participants express skepticism about existing statistics and suggest the need for more nuanced data to assess prosperity. Ultimately, the consensus is that GDP per capita alone is insufficient for understanding the true economic landscape and living conditions in different nations.
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Coming back after a Christmas break with no Internet connection, I hoped russ_waters would have commented my last postings in this thread. Hence this reminder...
 

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