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This is misleading. Every countries in Europe would have a smaller middle class if you take the $32-33k median US income.
by hartator 8y ago
This is misleading. Every countries in Europe would have a smaller middle class if you take the $32-33k median US income.
- dlp211 8y agoIf you mean the whole world, then yes that is (mostly) true, but it is true for every high income nation, and therefore not really informative. If you mean against other high income nation's, then it is only true in the most superficial sense, as once you include all benefits available to people, and social and economic mobility, the US quickly falls down the charts.
- hartator 8y ago> If you mean the whole world, then yes that is (mostly) true, but it is true for every high income nation, and therefore not really informative. Just against Europe (France, Germany, and UK). If everyone is poorer, I don't see the win. Remember Europe used to have a higher GPD per capita than the US not so long ago.