- how expensive housing is in that country - how privatized pensions are in that country
For instance, Australia has very high wealth per capita. But that's mainly because:
- housing is extremely expensive - pensions are extremely privatized (via the superannuation system)
So it's actually a measure of dysfunction in many ways.
- how expensive housing is in that country - how privatized pensions are in that country
For instance, Australia has very high wealth per capita. But that's mainly because:
- housing is extremely expensive - pensions are extremely privatized (via the superannuation system)
So it's actually a measure of dysfunction in many ways.