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Still, the USA has a much higher GDP per capita: USA: $60k Finland: $45k So there's no reason Americans shouldn't have the same level of comfort.
by pengstrom 7y ago
Still, the USA has a much higher GDP per capita:
USA: $60k
Finland: $45k
So there's no reason Americans shouldn't have the same level of comfort.
- alexpetralia 7y agoHowever there's substantially more income inequality in the U.S., so GDP per capita won't capture the distribution of that wealth particularly well.
- kmlx 7y agoGDP per capita is pretty much useless nowadays.
- danans 7y agoIt's useful in as much as it provides a basis for comparison between differences in the base standard of living between equivalent gdp/capita societies, like Finland and the US, which is what the parent was doing. It's not, however, useful as the sole metric for evaluating the economic condition of a society.