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That'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 liv
by bitshiftfaced 5y ago
That'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 5y 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 5y 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...