3 ms·
> pension In many European countries (e.g. UK), the pension contributions are a form of income tax (i.e. proportional to income), while the pension is a fixed
by badpun 6y ago
> pension
In many European countries (e.g. UK), the pension contributions are a form of income tax (i.e. proportional to income), while the pension is a fixed sum that barely allows you to survive - regardless of how much you've paid in contributions. I don't know how SS works in the US, but it's hard to imagine a worse system.
> cost of living
I've compared two random third-tier cities in US and Western Europe:
https://www.numbeo.com/cost-of-living/in/El-Paso https://www.numbeo.com/cost-of-living/in/El-Paso
https://www.numbeo.com/cost-of-living/in/Bordeaux https://www.numbeo.com/cost-of-living/in/Bordeaux
The costs of living are actually really close within each other.
- s1t5 6y agoAnd it's similar for big cities - local purchasing power in London is lower than New York, San Francisco and LA.