4 ms·

https://en.wikipedia.org/wiki/Disposable_household_and_per_capita_income https://en.wikipedia.org/wiki/Disposable_household_and_per_c... not sure how accurate

https://en.wikipedia.org/wiki/Disposable_household_and_per_capita_income https://en.wikipedia.org/wiki/Disposable_household_and_per_c... not sure how accurate wikipedia is here, but I've seen this claim elsewhere

dgb23 4y ago
So there is a difference between disposable and discretionary income: https://en.wikipedia.org/wiki/Disposable_and_discretionary_income https://en.wikipedia.org/wiki/Disposable_and_discretionary_i... Apparently what I meant above is discretionary income, which would include all fundamental bills/payments such as healthcare etc. Disposable income does not include those, it only includes income plus direct payments from the government. What would interest me is discretionary income, which includes healthcare, mortgages etc. plus education, public transport, daycare, energy and I'm possibly forgetting some fundamental things. "Disposable" is very much misleading here. If you have 1000$ "disposable" income but you still have to pay for or cannot afford all of the mentioned things then you are in worse shape than someone who has 500$ "disposable" income but can lean on public infrastructure and subsidies for those things. The difference can be quite massive. The reason I'm specifically suspicious of the US here is that public infrastructure seems to be quite a bit behind and fundamental things like healthcare is substantially more expensive than in some of the most developed countries.
- quantumwannabe 4y ago
  The numbers on the GP's page include the value of government benefits. If you exclude the European social benefits, their median disposable income is even lower. >The following table represents data from OECD's "median disposable income per person" metric, which includes all forms of income as well as taxes and transfers in kind from governments for benefits such as healthcare and education and is equivalised by dividing by the square root of household size. This metric, in addition to using a median rather than a mean, uses "data calculated according to the new OECD terms of reference"; compared to previous terms of reference, these "include a more detailed breakdown of current transfers received and paid by households as well as a revised definition of household income, including the value of goods produced for own consumption as an element of self-employed income." As OECD displays median disposable incomes in each country's respective currency, the values were converted here using the World Bank's PPP conversion factors, accounting for each country's cost of living in the year that the disposable median income was recorded. Unless noted otherwise, all data refers to 2019. Data are in United States dollars at current prices and current purchasing power parity for private consumption for the reference year.

dgb23 4y ago

So there is a difference between disposable and discretionary income: https://en.wikipedia.org/wiki/Disposable_and_discretionary_income https://en.wikipedia.org/wiki/Disposable_and_discretionary_i... Apparently what I meant above is discretionary income, which would include all fundamental bills/payments such as healthcare etc. Disposable income does not include those, it only includes income plus direct payments from the government. What would interest me is discretionary income, which includes healthcare, mortgages etc. plus education, public transport, daycare, energy and I'm possibly forgetting some fundamental things. "Disposable" is very much misleading here. If you have 1000$ "disposable" income but you still have to pay for or cannot afford all of the mentioned things then you are in worse shape than someone who has 500$ "disposable" income but can lean on public infrastructure and subsidies for those things. The difference can be quite massive. The reason I'm specifically suspicious of the US here is that public infrastructure seems to be quite a bit behind and fundamental things like healthcare is substantially more expensive than in some of the most developed countries.

quantumwannabe 4y ago
The numbers on the GP's page include the value of government benefits. If you exclude the European social benefits, their median disposable income is even lower. >The following table represents data from OECD's "median disposable income per person" metric, which includes all forms of income as well as taxes and transfers in kind from governments for benefits such as healthcare and education and is equivalised by dividing by the square root of household size. This metric, in addition to using a median rather than a mean, uses "data calculated according to the new OECD terms of reference"; compared to previous terms of reference, these "include a more detailed breakdown of current transfers received and paid by households as well as a revised definition of household income, including the value of goods produced for own consumption as an element of self-employed income." As OECD displays median disposable incomes in each country's respective currency, the values were converted here using the World Bank's PPP conversion factors, accounting for each country's cost of living in the year that the disposable median income was recorded. Unless noted otherwise, all data refers to 2019. Data are in United States dollars at current prices and current purchasing power parity for private consumption for the reference year.