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Not sure how relevant it is to compare the poor in the USA to the poor in Europe. The Poorest 20% of Americans Are Richer on Average Than Most European Nations
by robocat 3y ago
Not sure how relevant it is to compare the poor in the USA to the poor in Europe.
The Poorest 20% of Americans Are Richer on Average Than Most European Nations: https://fee.org/articles/the-poorest-20-of-americans-are-richer-than-most-nations-of-europe/ https://fee.org/articles/the-poorest-20-of-americans-are-ric... Although averages are a dangerous measure to use and I guess the article is wrong for other reasons (I think it is talking about consumption). The study and article are in response to the crazy OECD poverty measurements: "OECD measure assigns a higher poverty rate to the US (17.8 percent) than to Mexico (16.6 percent). Yet World Bank data show that 35 percent of Mexico’s population lives on less than $5.50 per day, compared to only 2 percent of people in the United States."
I'm in New Zealand, where we have some social support for the unfortunate. Disclaimer: I'm very ignorant of conditions for the poor in the US and Europe.