4 ms·
Germany has a median household disposable income after taxes and transfers and adjusted for PPP of $31,323 (2018) and thes same stat for the US is $42,800 (2019
by quantumwannabe 5y ago
Germany has a median household disposable income after taxes and transfers and adjusted for PPP of $31,323 (2018) and thes same stat for the US is $42,800 (2019), which is ~37% higher [1].
The OECD, which is Wikipedia's source, defines this stat as:
"Household adjusted disposable income includes income from economic activity (wages and salaries; profits of self-employed business owners), property income (dividends, interests and rents), social benefits in cash (retirement pensions, unemployment benefits, family allowances, basic income support, etc.), and social transfers in kind (goods and services such as health care, education and housing, received either free of charge or at reduced prices)."
The OP site uses a different statistic that does have the inaccuracies you described, but it correlates fairly well with the more representative statistic described above.
[1] https://en.wikipedia.org/wiki/Disposable_household_and_per_capita_income#Median https://en.wikipedia.org/wiki/Disposable_household_and_per_c...
- Closi 5y agoBut if the statistic is “earns more money” then you shouldn’t adjust it for purchasing power (because the statistic is earns most money, not earns most money adjusted for purchasing power). As a similar example - I am taller than my sister, but if I adjust heights for the average for our genders she would be taller. That doesn't mean she is taller than me though! (But she is taller relative to the average girl than I am tall relative to the average guy). Then your wiki link displays another statistic which is disposable income adjusted to PPP - which is again different to money earned. It's a fine statistic - and probably more useful than just looking at the amount of money people earn - but it's not how much money people earn! I don't mind which is used, but the title should match the statistic.