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Which is a large reason why people in Europe are so much poorer than US, and not getting any richer either over time (in contrast to the US). https://www.reddi
by tomp 4y ago
Which is a large reason why people in Europe are so much poorer than US, and not getting any richer either over time (in contrast to the US).
https://www.reddit.com/r/europe/comments/xgoouz/americans_have_a_higher_disposable_income_across/ https://www.reddit.com/r/europe/comments/xgoouz/americans_ha...
- bitcharmer 4y agoWhat are you talking about. USA has a serious problem with poverty and homelessness. It's much worse than in Europe. Also we can have a heart surgery here without going bankrupt. https://worldpopulationreview.com/country-rankings/poverty-rate-by-country https://worldpopulationreview.com/country-rankings/poverty-r...
- oytis 4y agoAverage Joe (or median Joe) has it significantly better in the US. Poor Joe would probably do better in EU.
- tacker2000 4y agoI would say upper middle class joe has is better in the states. Everyone else is barely clinging on to their lives in perpetual serfdom because of no universal healthcare, extreme housing costs, extremely expensive education, etc…
- oytis 4y agoStatistics about average and median income in the US and EU is widely available. Also the graph linked above about disposable income shows that only in the lowest 10th percentile people in Europe are (marginally) richer that in the US. Starting with lower middle class the gap becomes quite significant already, and what's important is only growing.