alt Hacker NewsPoor people in America (25th percentile) have more money that middle class people (50th percentile) in Europe. This wasn't true 20 years ago.
Replies
You have to look at purchasing power parity.
A bigger salary is no good if you have nothing left after paying housing, groceries, bills, education, healthcare...
This is untrue. https://en.wikipedia.org/wiki/List_of_countries_by_wealth_pe...
Median wealth per adult has the USA at #28, below Italy, Spain, Slovenia, and Portugal.
And yet the poorest 25th percentile of Americans are not enjoying a better quality of life than the European middle class. If those numbers are accurate, all they tell us is that personal wealth is an even worse indicator of having a life worth living than we would have thought 20 years ago.
more money but what about access to healthcare, education, vacation?
Imagine being so bitter you are lying this much. Wow.
Money is one thing, quality of life is another. Also money alone isn’t even a fair comparison because stuff costs different amounts across countries.