3 ms·
Reading this sent me down a bit of an OECD data rabbit hole. They seem to agree. However once you read the fine print I'm not so sure. Many things are much more
by dboreham 11mo ago
Reading this sent me down a bit of an OECD data rabbit hole. They seem to agree. However once you read the fine print I'm not so sure. Many things are much more costly in the US (education, travel, food, vehicles, houses...) and the OECD data seems to not control for that. Also my personal experience is there are a large number of very poor people in the USA. Seems like more than in Western Europe for example.
- loeg 11mo agoPeople spend more on travel, food, and vehicles because they are richer.