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US median income, even disposable income after all the medical/housing costs, is higher than all of the large EU countries (France, Germany, etc). So if anyone
by ivalm 3y ago
US median income, even disposable income after all the medical/housing costs, is higher than all of the large EU countries (France, Germany, etc). So if anyone has bullshit pay, it’s the Europeans.
- Warwolt 3y agoThis just strikes me as something Americans tell themselves to justify their living situation
- mardifoufs 3y agoThe opposite is true in my experience. The stats are very clear but Europeans never seem to accept that maybe their perception is skewed, it's a weird form of nationalism. (I'm not American, it's just something that I keep observing recently. Europeans have a much harder time reflecting on issues Europe has. It reminds me of Americans back in the early 2000s.)
- bythreads 3y agoShow me those numbers!. adjusting for cost of Living, healthcare, insurance, childrearing costs (free education) and taxes i betcha that statement is factually wrong
- twoodfin 3y agohttps://en.m.wikipedia.org/wiki/Disposable_household_and_per_capita_income https://en.m.wikipedia.org/wiki/Disposable_household_and_per... The list below represents a national accounts derived indicator for a country or territory's gross household disposable income per capita (including social transfers in kind). According to the OECD, 'household disposable income is income available to households such as wages and salaries, income from self-employment and unincorporated enterprises, income from pensions and other social benefits, and income from financial investments (less any payments of tax, social insurance contributions and interest on financial liabilities)… This indicator also takes account of social transfers in kind 'such as health or education provided for free or at reduced prices by governments and not-for-profit organisations.' The USA wallops even tiny, rich Luxembourg. There are some not-insignificant Covid-related distortions here, will be interesting to see the 2022 numbers.
- MediumOwl 3y agoCitation needed
- ivalm 3y agoCitation provided: https://en.m.wikipedia.org/wiki/Disposable_household_and_per_capita_income https://en.m.wikipedia.org/wiki/Disposable_household_and_per...
- sgerenser 3y agoThis is certainly the case for tech workers that dominate this site. I’m not sure if it’s certain of the median US worker.
- ivalm 3y agoIt is true for median worker (not tech): https://en.m.wikipedia.org/wiki/Disposable_household_and_per_capita_income https://en.m.wikipedia.org/wiki/Disposable_household_and_per...
- derrida 3y agoHow come everyone is in debt then? What is median debt?
- haneefmubarak 3y agoMedian household net worth (assets - liabilities, not including NPV of future cash flows from personal labor income) in the US is $192,900 according to the latest Fed data: https://www.federalreserve.gov/econres/scfindex.htm https://www.federalreserve.gov/econres/scfindex.htm
- mardifoufs 3y agoA lot of European countries have a higher household debt load than the US. Compared to Europe, especially the richer parts of Europe, the US compares favorably: https://en.m.wikipedia.org/wiki/List_of_countries_by_household_debt https://en.m.wikipedia.org/wiki/List_of_countries_by_househo...