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Umm do you want to break those numbers down for the bottom 75% or earners? Or the median? I believe that is just the billionaire holding up the statistic that the Fed is presenting. Also, those numbers were in billions representing the whole country not an individual in thousands……

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marcos@lemmy.world ⁨1⁩ ⁨day⁩ ago
I’d expect the Chinese numbers to be way more skewed than the US ones. Too bad we can’t rely on their statistics.

Either way, both numbers are for the average. The US one is for September, when it was still reliable; the Chinese one is certainly a gross overestimation, but for December, and we don’t know if it moved up or down from there yet.

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- TronBronson@lemmy.world ⁨1⁩ ⁨day⁩ ago
  My aunt and uncle went on a state sponsored trip and got the impression that they have a stronger middle class than we do. From what I can piece together I’d tend to agree. But ya I guess we’ll know for sure with more hindsight.
  
  Gotta love the two biggest economy’s in the world and you can’t find/trust good data
  
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  - marcos@lemmy.world ⁨1⁩ ⁨day⁩ ago
    
    they have a stronger middle class than we do
    
    They official numbers are worse than the US:
    
    worldpopulationreview.com/…/gini-coefficient-by-c…
    
    The problem is this is an easy thing to lie about, so their official numbers are certainly complete fabrications. And they still weren’t bold enough to fabricate something that put them above the US.
    
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    TronBronson@lemmy.world ⁨10⁩ ⁨minutes⁩ ago
    Well considering we had a huge head start, I really don’t value the comparison that much anyway.
    
    Let’s look at it a different way, is their middle class growing while ours is contracting? Let’s consider the trend and not the specific point in time.
    
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