In This Top 10 Ranking of Wealthiest Countries, U.S. Is Absent

Slideshow November 14, 2018 at 05:59 PM
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Yes, you read that correctly. Admittedly, there's a bit of interpretation going on—nonetheless, the statement is true. And it doesn't reflect well on the U.S. overall. A Business Insider report dove into a Credit Suisse report on global wealth, which by one metric places the U.S. third on the "richest nations" list, and dug a little deeper. Instead of taking the third-place finish at face value, based as it is on ranking countries by dividing their overall wealth by the total population, it decided to take a different approach.

Instead it looked at the median wealth per adult, which paints a very different picture. BI ranked the richest countries where the greatest number of people are rich. BI looked at the Credit Suisse numbers that compared how much wealth the median, or "middle-of-the-pack person" as BI says, has in every country.