US Drops From First To Seventh In Average Wealth Per Adult, Behind Singapore, Sweden, And... France

Tyler Durden's picture

As if we needed more warnings that the US is rapidly losing its position as the world's superpower and wealth aggregator, is the following chart from Credit Suisse, which ranks the top 10 countries in the world in terms of average wealth per adult. While the US was #1 10 years ago, due to an abysmal growth rate of only 23%, by far the lowest of all the ranked countries, the US has now dropped from first to seventh, falling behind such countries as Sweden and France. At the top - such perennially voted "top places to live" as Switzerland and Norway. Hopefully the US can fix its ever-expanding black hole of problems soon, as once the wealthiest decide they have had it here and move away, look for this number to drop ever faster until the US drops out of the ranking altogether.

h/t Nicolas

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NOTW777's picture

hope and change in obama nation;



Panafrican Funktron Robot's picture

Four actually socialist countries > USA.  This is what happens when private ransacking of public money is cast as "socialism".  This is also what happens when white people vote for charismatic black guys because it makes them feel good.  To borrow a phrase from this fellow, we have to stop being hoodwinked by the political establishment on both sides.

midtowng's picture

So the abismal job grow of the past decade is because of Obama.

Funny. I thought Obama took office in 2009, not 2001.

GoldSilverDoc's picture

Here is the song.

Maybe a little cannabis sativa, EtOH, or salvia divinorum before you listen...

f16hoser's picture

Our last 4 presidents have done this. however, look no further than Dodd and Franks (fag) for our current situation. Bush Jr. told his Democratic Congress that housing was in a bubble. Franks was too busy smoking pole to listen....

nmewn's picture

Armando Falcon.

Systemic Risk, Bwaney & Schumer.

Obama voted present...again...surprise surprise surprise.

midtowng's picture

I don't recall Bush the Younger talking about a housing bubble. I remember him talking about the "ownership society".

What's more, the Democrats didn't gain control of Congress until january 2007, after the housing bubble already popped.

snowball777's picture

C'mon, G.

Clinton had Rubin the Vizier whispering stupid nothings in his ear the whole time and Dems have been more than snuggled up with the banksters since Garn-St.Germain opened the ARM floodgates that gave us a preview of this clusterf*** in the 80s. All but 8 senators (Boxer, Feingold, Dornan,...) passed the repeal of Glass-Steagall; those other 92 weren't all Pugs.

You think Schumer and Donk don't play golf with these scheister motherf***ers?

TBT or not TBT's picture

The Bush (W) administration lobbied Congress to reign in the excesses of Fannie and Freddie years before that.   Democrats in Congress and the usual RINO's stalled all such efforts.   It's not because you personally don't recall hearing it come out of Bush's mouth that there were not clearly drawn sides on the matter before the pop arrived.   There were.    Barney Frank and Chris Dodd and company have a lot to do with the excesses Fannie and Freddie were allowed to undertake, to the great profit of its executives and insiders, to as yet uncounted cost to the taxpayers and to the Republic itself.

papaswamp's picture

I believe the point was that the 2 party symbiotic system has left voters with choosing between bad and worse...neither really a good choice. The best move of the voter would be to break the 2 party system, impose term limits and make insider trading illegal for members of congress. that would be a nice start anyway.

yabyum's picture

PANAFRICAN.Please explain how Palin Mccain would have done better. This cancer is more than two years old.

cossack55's picture

Easy. We would all be ashes by now from nuke holocaust and not have to worry about it.

dlmaniac's picture

They were using the wrong method. Should they use our Mark-To-Mirage / Mark-To-Maturity / Mark Debt As Wealth or any similar accounting we'd be #1 by a light-year.

Rasna's picture

You're joking.  Right???

I didn't see any sarcasm off alert...

I agree that there is no difference between the Dems and Rethugs, but..

you are joking.

PuppetRepubl1c's picture

You have it exactly right, America is not Capitalist or Socialist, it is a Crony Capitalist State (aka Banana Republic, only with more wealth).


Ironically it would be better for the American people if we were either Socialist or Capitalist (i prefer Capitalist) but instead we have Crony Capitalism with a dash of Socialism which in my mind is the worst fucking system of them all!!!!



rocker's picture

Who did this :

The Share of USA Income gains Going to the Top 1 Percent at Highest Level Since 1920. 

1923 to 1929 was 70% to the Richest

1960 to 1969 was 11% to the Richest

1976 to 1979 was 33% to the Richest

1982 to 1989 was 41% to the Richest

1992 to 2000 was 42% to the Richest

2002 to 2007 was 62% to the Richest


The Share of USA Income gains Going to the Bottom 90 Percent at the Lowest Level Since 1920.

1923 to 1929 was 18% to the Poorest

1960 to 1969 was 62% to the Poorest

1976 to 1979 was 43% to the Poorest

1982 to 1989 was 22% to the Poorest

1992 to 2000 was 29% to the Poorest

2002 to 2007 was 12% to the Poorest


Check out the drop off starting on 2002.  Reality Hurts.  But hey, we made millionaires billionaires.

And CEO's are richer than ever selling shares as the CBs and the FED pomotize them. 

Dental Floss Tycoon's picture

So since the ranking was based on the Average wealth per adult it is even worse than it appears.  I wonder what the chart would look like if it was based on median wealth.  I suspect that we would rank much lower.

rocker's picture

The real problem with this data is that it was much higher before the Depression of 1929 than it is now. Dow 11,000 ???

ConfederateH's picture

Funny how when the populists start ranting about the rich, they tend to go into hiding and then it is the "poorest" who suffer the most.

1100-TACTICAL-12's picture

The main problem is all the jobs have moved out of the country, and what was left has been on a large percentage absorbed by illegals. I guess when enough people are eating out of trash cans we might wake up. Until we return actual production , things will just continue to decline..

Mercury's picture

But wait, if we import more illiterate, third world peasants that will make us richer....right?

Is this a tally of assets people actually own right now or are they rolling in the present value of a bunch of government benefits too?

And how do you determine with any real accuracy the wealth of a given Italian adult anyway?

Edmon Plume's picture

The USA is still number one, they just measured it wrong.

First, you have to define "adult" which varies by country.  The USA, for instance, provides childhood up until age 30, at least for obamacare.  Since the EU did this analysis, they must not understand this relevant point.  If you account for all the bottle sucking 30-year-olds, the number of adults should decrease, thus causing the available wealth per adult to increase.

Mercury's picture

Everyone defines "birth" differently too which is why international infant mortality rate comparisons are meaningless.  In the US you are "born" pretty much the second you come out.  In different countries in Europe they don't start the clock for days, weeks, sometimes months - and if a baby dies before then it's not counted.

Miss Expectations's picture

The USA is still number one, they just measured it wrong.

You are absolutely correct:

Obesity (most recent) by country

# 1   United States: 30.6%  # 2   Mexico: 24.2%  # 3   United Kingdom: 23%  # 4   Slovakia: 22.4%  # 5   Greece: 21.9%  # 6   Australia: 21.7%  # 7   New Zealand: 20.9%  # 8   Hungary: 18.8%  # 9   Luxembourg: 18.4%  # 10   Czech Republic:


Mercury's picture

We're still #1 even with 1 in 8 of us on food stamps! U-S-A! U-S-A!

Mexico is the second fattest country on Earth? How poor do you have to be exactly to not be able to afford to be fat?

Even Hungary made the obesity top 10.  Now that is a giant step for mankind.


Mariposa de Oro's picture


Not all obesity is due to uncontrolled eating and laziness.  Much of it is due to an underlying health issue.  Many people are afflicted with type 2 hypothyroidism.  The thyroid makes enough hormone to show a normal blood test reading, however, the body's cells are unable to utilize the hormone normally.  The result is a person who has symptoms of hypothyroidism but has a normal blood test.  Few doctors bother to look beyond the standard blood test.

I've been dealing with this for about 15 years.  I'm hoping to find a doctor who will treatment for hypothyroid.  I'm not living in the USA.....I'm seriously thinking about coughing up the money to go to the clinic.

Mercury's picture

Well best of luck with that but the thyroid can't make fat out of thin air and at some level obesity (not individual but widespread in a population) is a side effect of affluence, abundant food or both.  I understand that some populations/ethnic groups have greater predispositions to these kinds of things but I'm pretty sure that the sudden generational shift toward obesity (in America for sure) is the direct result of eating too damn much.

Stuck on Zero's picture

Actually Samoa is #1 for obesity at 75%.

Let them all fail's picture

How about adjusted for currency changes?

Count Floyd's picture

When you can't (or won't) control the influx of Third World peasantry into  the country, what would you expect?

tmosley's picture

That's right, blame the Mexicans.  Cast no aspersions towards the people in power who are the actual cause.

Lots of other impoverished people moved to the US before, including most of the population of Ireland, yet the US only got richer during those times.  Why?  Because the US government was only 2% of GDP!

Edmon Plume's picture

Uh, yes and no.  True the government was smaller in relation to GDP, but there was also a lack of hyphenated Americans.  Regardless of background, everyone at least tried to pull together, and notwithstanding the occasional culture-on-culture dogpile, they rallied around a national language, and a national identity.  Not so today, and with the gubmint interfering, they are attempting to make our individual identities more pronounced by worshiping diversity and multiculturalism.

In any case, that same government has refused to enforce any semblance of a border, to its detriment.'s picture

there was also a lack of hyphenated Americans


In the late 19th and first half of the 20th century a number of ethic social clubs thrived in my small Western Pennsylvnia town: Jednota (Slovak), Johnny Bull (English), Germania , and Belgian Club. Up the road a bit was the Italia and the Kosciuszko Club. Apparently any available bar stool suited the Irish.

still kicking's picture

Damn straight, no need to start any shit as long as the drinks are pouring for us mick's, unless the italians start's just an instinctual dislike between us I think.

hbjork1's picture

The late 19th and early 20th century, life for the populace of all races was nothing like as comfrortable as we believe to be our right today.  The Irish and Italians worked in the skilled trades like Mexicans (the only analogy that compares well today). The infrastruture and technology that they grunted out their lives to put in place has elevated our expectations.  

Went ~300 miles this weekend for a visit with a brother-in-law; football game-Yes.  The most interesting part was the Chicago Marathon.  54,000 absolutely clogging Michigan Avenue which we were trying to cross on foot in going church, and the Modern Art Museum 

Non of this would have been possible in my grandparents time. 

Somewhere, I have seen a picture of the couch that John D. Rockefeller slept on at his office, which he did much of the time when he was building Standard Oil.  Didn't look much like the bed I slept in last night.

We, the people, are going to have to have an attitude adjustment.

dussasr's picture

People made the exact same arguments during previous waves of immigration - except they typically also included drivel about the increase in crime associated with the unwashed immigrating hordes.  These arguments don't stand up to an open reading of history.

The immigrants melded into society in the past and they will again.  If you don't believe me find some Mexican immigrants that can't speak English and then talk to their younger children - if they've been here more than a year they are English speakers.

Economic studies show that the average wage and GDP of the US would go down if immigration were clamped down and go down a LOT if all the illegals were deported.

Misstrial's picture

Who's blaming Mexicans?

No one mentioned them in their posts except you.

btw, illegals come from all corners of the globe as anyone in California or NYC can tell you.

Here in California, many illegals come from Central America (currently Guatamala in particular), South America, Asia (China and Vietnam), among other nations.


Edmon Plume's picture

And the 30,000 some-odd Irish in the country who have overstayed their visas.

tmosley's picture

Pardon me for not mentioning every single nationality that homedude above would include in the umbrella term "third world peasantry".  Mexicans are the largest and most visible immigrant group, but where they are from is not material to my argument.

The only thing that matters is that they are getting "our" welfare benefits, and otherwise draining "our" treasury.  No-one ever questions the welfare benefits, only the people taking advantage of them.  I say we blame the people who actually created this mess!  I don't give a shit about any Mexican or any other nationality.  Kill em, deport em, leave em, I don't really care.  Just don't blame them for a problem that isn't of their making.

cossack55's picture

Most of the illegality in this country is centered on DC.

midtowng's picture

It's always the fault of the people with the least amount of political power. It's never the fault of the wealthy elite who create policies.

I learned that from listening to right-wing radio.

scaleindependent's picture



The ultra-wealthy elite get TARP, 0% Discount Window Fed loans, QE, QE2, mark to fantasy accounting, Foreclosure fraud. Regulators and prosecutors in their back pocket and yet we focus on the f'n "wetbakks".

When the INS went investigating what companies hired illegal aliens in So. Cal. the COMPANIES told the govt. to stop investigating.

So the illegal immigrant problem is maintained by the same corporatist motivation that is causing jobs to be offshored to Asia. Both increase Profit$



PuppetRepubl1c's picture

exactly, the same corporations who shipped your jobs overseas are the same corporations employing illegal aliens in the US.  Why?  Because they work hard for cheap!  (should be obvious)

Unfortunately for the remaining middle class the government is too stupid/corrupt to protect its citizens.  When looking back at history people will be amazed how easily China conquored the United States, it is literally straight out of the Art of War


He who wishes to fight must first count the cost. When you engage in actual fighting, if victory is long in coming, then men's weapons will grow dull and their ardor will be dampened. If you lay siege to a town, you will exhaust your strength. Again, if the campaign is protracted, the resources of the State will not be equal to the strain. Now, when your weapons are dulled, your ardor dampened, your strength exhausted and your treasure spent, other chieftains will spring up to take advantage of your extremity. Then no man, however wise, will be able to avert the consequences that must ensue... In war, then, let your great object be victory, not lengthy campaigns.

-Sun Tzu, the Art of War


LowProfile's picture

Pick one:

1.  Open borders

2.  Social saftey net

Because you can't have both.

1100-TACTICAL-12's picture

Spot on,but  they came here legally. The illegals are forced to hide in the shadows and take what they can get, thus driving down wages. It is 100% failure by the government.

stev3e's picture

The wealth producers and wealth havers are leaving the US in greater numbers than ever before.  They will continue to leave in the future.