4 ms·
I find it interesting the article didn't seem to bother looking at income inequality. It seems without fail the countries that rank happiest have the lowest in
by tw04 6y ago
I find it interesting the article didn't seem to bother looking at income inequality. It seems without fail the countries that rank happiest have the lowest income disparity.
In general, that seems to be because they have strong social safety nets, which means even the "worst off" can still lead a comfortable life which should mean: less crime, less social unrest, and more social cohesion.
- bitshiftfaced 6y agoThat's not necessarily true, since one country can have higher income disparity and have it to where their "worst off" are living a better life (in terms of living standard / consumption).
- tw04 6y agoI'm not aware of a single country with higher income disparity than Finland whose "worst off" are living a better life. Can you cite some examples?
- bitshiftfaced 6y agoYou're asking me to cite examples for a claim that I never made. It should be obvious that the claim I actually made is true as long as you understand the difference between income and consumption (spending) and how the GINI coefficient works. That said, it appears that the bottom 20% of the USA live at a similar standard of living of the average household in Finland: https://www.justfacts.com/news_poorest_americans_richer_than_europe https://www.justfacts.com/news_poorest_americans_richer_than...