3 ms·
That's such a bs article: The World Bank’s “preferred” indicator of material well-being is "consumption" of goods and services. This is due to “practical reason
by PunchTornado 7y ago
That's such a bs article: The World Bank’s “preferred” indicator of material well-being is "consumption" of goods and services. This is due to “practical reasons of reliability and because consumption is thought to better capture long-run welfare levels than current income.”
So all it says it that the poor from US consume more than middle class in Europe. Of course, being to the US and seeing how they replace things disregarding the environment I'm not surprised by that conclusion.
I'm earning six figures in London and I'm consuming a lot less than the poorest in US and try to reduce it as a maximum so my carbon footprint is small.
When I went to France I saw so many people bringing their own containers to the supermarket which was great because it reduces consumption.