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The Per capita income of the United States is 5.78 and 3.61 times higher than that of China in nominal and PPP terms, respectively. So the answer is that even
by thematrixturtle 4y ago
The Per capita income of the United States is 5.78 and 3.61 times higher than that of China in nominal and PPP terms, respectively.
So the answer is that even in purchasing power parity terms, the average American is 4x richer.
- pastacacioepepe 4y agoExcept that in the US it just takes some health issue to put you in debt for years/life. Or that to exist in the US you are required to buy a car and so on, since it has a third world public transportation system. The pont being that you can still have somewhat higher life standards with less purchasing power but a stronger social state.
- refurb 4y agoExcept if you’re one of the 60% rural farmers who have access to only the most basic medical care and limited local public transit. Not everyone lives in Shanghai or Beijing you know.
- pastacacioepepe 4y agoLike not everyone lives in Los Angeles or Washington you know. There's cities like Detroit, there's cities without drinkable water, there's countless trailer parks.