3 ms·
1. EU barely has 30 year fixed rates - of course rates will be higher for a much riskier loan to counterparty. 2. Yes true, the minimum wage in Poland is 13 ce
by whimsicalism 2y ago
1. EU barely has 30 year fixed rates - of course rates will be higher for a much riskier loan to counterparty.
2. Yes true, the minimum wage in Poland is 13 cents higher than the US. Fewer than 1% of US income earners are paid the federal minimum wage. In Poland, ~15% of income earners are paid the minimum wage.
3. Yes our life expectancy is bad - although better when you do demographic control, we have a problem with obesity and easy access to guns causing suicide.
4-6. sorry but relative wealth measures are not effective for deciding how affluent a society is. our ‘pensioners’ in poverty are only in poverty relative to the very high median earnings in the US. They could take their money to the EU and spend better than many of those other retirees.