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I haven’t lived in Europe but my impression has always been that it’s a trade off. Less mobility, but less chance of being completely fucked by poverty. In you
by bhpm 3y ago
I haven’t lived in Europe but my impression has always been that it’s a trade off. Less mobility, but less chance of being completely fucked by poverty.
In your experience, is this the case?
- djhope99 3y agoSort of depends where you are. I was working in the UK and moved to the USA and my earnings and lifestyle shot up. The USA is very variable depending on the state you are in. The studies mentioned may not properly account for that variability.
- thfuran 3y agoThere are some European countries with worse mobility than US, but the top countries on most indices I've seen are mostly European, and the US is a ways down.
- edgyquant 3y agoI see the study posted above but I seriously doubt this and think there’s some statistical nuance being lost here. Looking at a list of the worlds richest people outside of the US most of it is entirely inter generational while the US citizens shot from middle class to billionaires thanks to tech and what not. The income disparity alone means it’s gonna be hard to argue against US citizens having a better chance at building wealth than Europeans and median/average wealth in the US vs the biggest European countries confirms this.
- deleted 3y ago[deleted]