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> American consumers spend more on just about everything than most other rich countries Do you have a source for that? In my experience living and working in
by grecy 6y ago
> American consumers spend more on just about everything than most other rich countries
Do you have a source for that?
In my experience living and working in a slew of countries around the world, the USA has the cheapest alcohol, cigarettes, cars, electricity, clothing, electronics, gas (and diesel), food at the supermarket, food at the restaurant and many other things of any developed country.
Because taxes are so low, stuff in America is extremely cheap compared to countries with tax-funded healthcare, higher education, etc.
- dan-robertson 6y agoI’m not saying things are more expensive but that the total spent is more. What do you think Americans do with their relatively higher incomes? Evidence would suggest that for the most part they aren’t just putting the difference straight into their savings accounts.
- grecy 6y agoThey're spending it on healthcare, and education for starters. But mostly they're buying the stuff I talked about above. Consumerism.