Americans are going into debt to buy groceries. Here's why those balances can be difficult to pay down

return2ozma@lemmy.world to News@lemmy.world – 98 points –
Americans are going into debt to buy groceries. Here's why those balances can be difficult to pay down
cnbc.com
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Just because it's the richest country on the planet doesn't mean the wealth is spread evenly.

The US is the 9th richest nation in the world.

https://gfmag.com/data/worlds-richest-and-poorest-countries/

That's GDP per capital. I'm talking about total wealth, which is about a third of the world's total wealth.

You referred to distribution, so I assumed you meant per capita. It’s obviously wildly disproportionate in distribution, but per capita would be the fair comparison to the wealth of other nations.