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> It’s fair to assume that in both places, if people had more means to consume they would. Not the parent commenter but why do you think they would if they cou
by Infinitesimus 7y ago
> It’s fair to assume that in both places, if people had more means to consume they would.
Not the parent commenter but why do you think they would if they could?
Consumption habits across borders aren't as obvious to me because of advertising, culture, etc.
- rayiner 7y agoConsumption habits don’t vary that much in the developed world. The household savings rate is 5-10% in most countries, with the US being lower than famously frugal Germany, but higher than Italy or Spain: https://www.gfmag.com/global-data/economic-data/916lqg-household-saving-rates https://www.gfmag.com/global-data/economic-data/916lqg-house.... (Switzerland and Luxembourg being heavily financialized countries seem to be outliers.)