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And most of that money goes to higher food prices, health insurance and cars.

golemiprague 2y ago
Certainly food and cars is not more expensive than most European countries. Health insurance is also not that much expensive, it is only the way you pay it which in Europe is by tax. There is the issue of not being covered if you don't have a job but that's has nothing to do with price. The US is one of the cheapest countries in the world with pretty decent salaries and endless variation in house prices, there also always cheaper cities or alternative states. Try that in Europe or Australia or Canada, good luck.
Matticus_Rex 2y ago
No, it really doesn't. PPP-adjusted disposable income per capita (meaning, after all the necessary expenses) is by far the highest in the world: https://www.statista.com/statistics/725764/oecd-household-disposable-income-per-capita/ https://www.statista.com/statistics/725764/oecd-household-di... Food spending as a portion of total expenditure is the lowest in the world: https://ourworldindata.org/grapher/food-expenditure-share-gdp https://ourworldindata.org/grapher/food-expenditure-share-gd... Out of pocket health care expenditure as a share of GDP per capita is fairly low in comparison with other wealthy nations. Of European nations, only Monaco, Luxembourg, the Netherlands, and France are lower (and not by much!). Transportation spending is indeed higher in the US than most of the developed world, but it doesn't eat away much at the increased disposable income per capita -- proportionate to household income we're talking about a few thousand dollars higher, and most of that is a very recent development as costs went way up over the last few years.
Auracle 2y ago
And yet we have the highest disposable income in the world: https://en.wikipedia.org/wiki/Disposable_household_and_per_capita_income https://en.wikipedia.org/wiki/Disposable_household_and_per_c...

Certainly food and cars is not more expensive than most European countries. Health insurance is also not that much expensive, it is only the way you pay it which in Europe is by tax. There is the issue of not being covered if you don't have a job but that's has nothing to do with price. The US is one of the cheapest countries in the world with pretty decent salaries and endless variation in house prices, there also always cheaper cities or alternative states. Try that in Europe or Australia or Canada, good luck.

Matticus_Rex 2y ago

No, it really doesn't. PPP-adjusted disposable income per capita (meaning, after all the necessary expenses) is by far the highest in the world: https://www.statista.com/statistics/725764/oecd-household-disposable-income-per-capita/ https://www.statista.com/statistics/725764/oecd-household-di... Food spending as a portion of total expenditure is the lowest in the world: https://ourworldindata.org/grapher/food-expenditure-share-gdp https://ourworldindata.org/grapher/food-expenditure-share-gd... Out of pocket health care expenditure as a share of GDP per capita is fairly low in comparison with other wealthy nations. Of European nations, only Monaco, Luxembourg, the Netherlands, and France are lower (and not by much!). Transportation spending is indeed higher in the US than most of the developed world, but it doesn't eat away much at the increased disposable income per capita -- proportionate to household income we're talking about a few thousand dollars higher, and most of that is a very recent development as costs went way up over the last few years.

Auracle 2y ago

And yet we have the highest disposable income in the world: https://en.wikipedia.org/wiki/Disposable_household_and_per_capita_income https://en.wikipedia.org/wiki/Disposable_household_and_per_c...