|America is by far the richest country in history yet there are 26 other countries with a higher median wealth.|
|USA, USA, USA we are #27, wait what?|
Wealth is measured by the total sum of all our assets (homes, bank accounts, stocks, bonds etc.) minus our liabilities (outstanding loans and other debts). It the best indicator we have for individual and family prosperity. Wealth allows us to survive periods of economic turmoil. Wealth allows our children to go to college without incurring crippling debts, or to get help for the down payment on their first homes. Money may not buy happiness beyond a certain point, but it certainly makes a massive difference in the lives of most Americans.