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The median household income in the US is $76k ($57k post taxes). Germany is $54k ($34k post taxes). China is $13k. Even compared to Europe the amount of money
by marcinzm 2y ago
The median household income in the US is $76k ($57k post taxes). Germany is $54k ($34k post taxes). China is $13k.
Even compared to Europe the amount of money for spending a US household gets is almost twice as much. There's more expenses due to a lack of a social net however those aren't constant over time unlike taxes. One year you spend $5k for medical bills and the next you spend $5k on a new Sofa.