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Pretty surprised at the difference in income in UK vs USA. Top 10% in UK according to this article is 59,200 pounds [~$76,000] while in the US to enter the top
by wonderwonder 3y ago
Pretty surprised at the difference in income in UK vs USA.
Top 10% in UK according to this article is 59,200 pounds [~$76,000] while in the US to enter the top 10% you need to make ~$173k. This is a very large difference. While I know that the UK provides certain benefits related to health care above what the US does I cannot think this comes close to $100k per year. The average cost of a house in the US is ~436k [which is insane] and the average cost of a house in the UK is $372k which again is pretty expensive.
Not really sure where I am going with this except to express surprise at what appears to be a massive wealth discrepancy between the US and what I had long considered its closest comparable economy. I had never really done the research though thus my surprise.
- rcarr 3y agoI wish we saw more comments like this. People in the US, particularly the Valley or those working at FAANG, don't seem to realise the extent to how good your salaries are in comparison to the rest of the Western World. If you want an English speaking country with income closest to US, you're better off looking at Australia. Total size of the economy is far smaller because the population is far smaller, but GDP per capita is far higher and the wealth is spread more evenly than the UK. To such an extent that the NHS is now worried because increasing amounts of medical staff are leaving the UK for Australia to get 2, 3 or even 4x salaries.