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that still doesn't take into account the fact that US households must spend much more on healthcare and education than the expenditures made by EU governments o
by insane_dreamer 2y ago
that still doesn't take into account the fact that US households must spend much more on healthcare and education than the expenditures made by EU governments on those same services.
Also housing is more expensive in the US (total cost, not per sqft), as is food; in fact, the cost of living in general in the US is more expensive than Europe or Japan, with the notable exception of cars and gas.
For example, I just searched cost of living in France vs USA and the first two sites I found gave similar figures of 30% more in the US. Not representative of all of Europe of course but an interesting data point.
https://www.mylifeelsewhere.com/cost-of-living/france/united-states https://www.mylifeelsewhere.com/cost-of-living/france/united...
https://www.numbeo.com/cost-of-living/compare_countries_result.jsp?country1=France&country2=United+States https://www.numbeo.com/cost-of-living/compare_countries_resu...
- knubie 2y agoAccrding to the wikipedia article you referenced, the OECD data is already adjusted for purchasing power parity (PPP), which is a cost of living adjustment. [0] [0] https://en.wikipedia.org/wiki/Disposable_household_and_per_capita_income#Disposable_income_per_capita_(OECD) https://en.wikipedia.org/wiki/Disposable_household_and_per_c...
- insane_dreamer 2y agogood point, I missed that; that does take into account COL differences then, though not healthcare and education expenses