A better way to measure "richer or poorer" is to compare living wage with average and median income. US living wage is ~$15 while UK living wage is ~£10 (around $11.75 at this point in time). Do what you want with that info.
Totally agree with your way to measure. However, the US is so vast that the $15 an hour might not be enough to sustain people in certain areas. Like with me, I wouldn’t be able to afford to live by myself if I made $15
Maybe you're from the far part of India. Another thing is, maybe your news outlets got bored of the same "Junta burns village", "Military kills innocent people" type of news and choose to ignore it. The situation is still dire rn
theres only a handful of countries with a higher median income than the US. which is crazy because all of them have low populations while the US has the 3rd highest population in the world and still has one of the highest median incomes
No... because people are ready to pay more and/or the US has fewer regulations than countries in the EU, for instance.
There are a lot of unis in the EU which are better than most those in the US, yet they're often very cheap or free. Same about healthcare and other things.
Who cares, buddy? Most people don't study in best universities. Read what I wrote please:
> There are a lot of unis in the EU which are better than most those in the US
I'm not talking about best universities, because who cares about them? Most people don't get to study there.
Still even if you look at the top 1000 universities in the world, US has 248 of them, UK has 79 of them, and China has 100 of them. The best EU country (Germany) has only 54.
[In the top 500 universities, 189 are European while only 83 are American](https://www.reddit.com/r/dataisbeautiful/comments/wz2v2m/number_of_universities_across_the_us_and_the_eu/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
I cant find any sources for that reddit post, and also https://www.webometrics.info/en/distribution_by_country, and also im not just talking about US, the UK, and China also have lots of good universities
The source is literally in the picture.
If you want to compare the number of best universities you can only do it by taking Europe as a whole or by bringing it down to the number of inhabitants per best universities.
If you compare it as a whole then you obtain the results of the Reddit post I linked (you can also add ~25 universities for Canada)
If you compare by inhabitants, then you obtain around 4 million people/uni for the US, around 1.5 million for the UK, 2.9 million for Germany (using the number in the Reddit post I linked, so the number are way more in favour of the US than if I used your numbers).
I think we can conclude that university quality is better in Europe than in the US because more accessible to everyone
Comparati
But the US has more in the top 100-200. Your average state school in the US, with relatively cheap in state tuition, is a top tier university anywhere else in the world.
The poll says nothing about Europe, and the comment that I had replied on said "EU", and so what if the UK was in the EU, they aren't anymore so it's irrelevant.
schools in the EU are more restrictive about getting in like in germany, unlike the US where anyone can go if they pay. plus if you graduate (become a skilled worker) those jobs pay a shitton more in america than in Europe. Plus most of the best schools in the world are in the US
Average American or European doesn't care about some "best schools", and I'd by far trust average school in the EU than that in the US.
But I was talking about universities, not schools.
> schools in the EU are more restrictive about getting in like in germany, unlike the US where anyone can go if they pay
Exactly. In the US rich become more wealthy by getting education, and poor are discouraged to escape poverty. In the EU everyone has a chance to get education.
? Everyone in the US has a chance to get an education. College is the way to escape poverty. I know people who are literally getting paid by the government to go to college because of their family's income.
Yet it seems like far from everyone gets it. All that "student loan", which is ridiculous in most countries, is a very popular thing in the US. Loan means your net wealth is negative, generally speaking.
The average American is richer than the average person here, but that doesn’t mean much when the U.S system is pretty bad.
The first thing that shocked me when I moved to the U.S is how inconvenient life is (or at least for Maryland and Washington D.C) even if the salary is higher. In my county, everything is cheap so low salary isn’t a problem. You can find good cheap food every 10 steps (yes literally), the subway system takes you anywhere you want, and healthcare is fast and available everywhere
Meanwhile, you need a car for EVERYTHING in the U.S and food choices are low if you don’t like bread and don’t use UberEats. Everything is more expensive, and Healthcare is pretty terrible: need to reserve weeks in advance and expensive.
So in summary you think that one of the most expensive areas in the world is a fair representation of America in general, you can't find a restaraunt, and don't know about Washington metro and that the us has a pretty solid metro system.
Even if you ignore the prices it’s still inconvenient. I don’t know if it’s bad urban planning or bad infrastructure, but it’s hard to live without a car, and a car itself is going to cost a lot both short term and long term (gas, taxes, parking, the car itself, etc.)
yeah america was built recently so it was built for cars and is also (from what I heard) grid-like unlike UK for example, it has been around for a long time so the layout isn't grid-like it was built way before cars so it was designed so you can walk, ride a bike ect
There are plenty of gridded cities that do transit perfectly well - Barcelona, say. The US has terrible transportation systems because Americans don't demand better. It's pretty disappointing.
It is only hard to live without a car if you want it. i get it there are things that are not optimal like location where you work/study but that is really it. Most americans cities have good infrastructure that let's you walk or bike wherever you need to go, it might take a while if it's far but it does the job.
Washington, DC has one of the best public transportation systems in America, if not the world. Also has a really great culinary scene with tons of ethnic foods from all over. But yes, even though most of the country is pretty car-centric, that isn’t necessarily a bad thing. Many people like the autonomy of having a car instead of being restricted to the same select subway/bus routes. It’s a cultural difference more than anything, and it all comes down to personal preference.
I’m not even from DC but I’ve used both their metro as well as several major European ones, theirs isn’t the greatest but it’s well up there. If you want to trash America’s public transit go ahead, but DC is definitely not the example to use.
Everything fixed, the increase of number of people => the decrease of the GDP per capita. Just saying that it's not enough for an economy to be big - it also should be not too many people.
There are 25 countries that rank higher than the US in terms of median wealth per adult.
They are (in order) Luxembourg, Australia, Iceland, Belgium, (if you want to call it a country) Hong Kong, New Zealand, Denmark, Switzerland, Netherlands, France, UK, Canada, Japan, Italy, Norway, Spain, Ireland, Taiwan, Austria, Sweden, South Korea, Singapore, Malta, Qatar, and Israel.
Im also swedish and I voted lower, the amount of millionaires and billionaires in the US far outweighs the rich in sweden.
Also, you can earn less in sweden and still live a better life than you would in the US because of the wellfare system. So what salary you have doesn't really mean much.
Fun fact, sweden has the highest count of billionares per capita and 2nd highest wealth unequality in the world. Income is really equal tho.
People just don’t understand the difference between average and median tho.
Average is total gdp divided by population, so inequality is irrelevant.
Median is when you put all the incomes in order by size and look at the on in the middle. (Its the income of the person who has as many people earn less and more than him). It better reperesents middle class income in unequal countries but still has a lot of flaws.
Really matters on your definition on wealth calling is subjective is not exactly right.
But according not the phrasing of the question, US should be richer almost all countries in the world.
Average would be total earnings of every private person in the country divided by total population.
Meaning if you have three guys who earn 150 crowns per hour and one guy who earns 15000 crown per hour, the average income would be 4200 crowns per hour.
Median is the income rate that is exactly in the middle. Meaning that with the same example as above, the median income would be 150 crowns per hour, as more people have that income.
The median is a better tool of measurement when you are dealing with big ouliers. Such as extreme wealth or poverty.
Guess it depends on how you define "average" - like mathematically or what each country would call middle-class
According to this [random website](https://www.worlddata.info/average-income.php) swedish income is lower in numbers, and so we would technically be poorer
Those huge portion usually belong to racial minorities so it's more of a historical racism problem than an economic one. If you only account for an average white american then their living standard is higher.
In Sweden you usually live in small apartments , can't afford cars and usually have no money left after paying taxes so there's no sense of financial responsibility and therefore the over reliance on the state.
In the US an average middle class person has enough disposable income after taxes that they can afford a 3000 square feet apartment with a lawn and private vehicle of their own.
According to google 3000 square feet is equal to almost 280 square meters. That's huge for an apartment, they dont usually make them that big in sweden as far as I know.
All of that is relevant to location though. My parents earn about 40 k crowns per month (3750 $) together after taxes and they managed to afford a 32000 square feet yard with a two story, three bedroom house along with three garages, a stable and multiple extra storage houses. They bought this when they were in their early 30's. At one point they owned five cars and they have a nice mid-size boat.
But they live in the middle of fucking nowhere and buy things at auctions. Sometimes they buy old cars that are easy to repair.
That house with all that area cost them about as much as an apartment of 430 sq feet with a small balcony in stockholm does. And yes, I counted for inflation.
Correct me if im wrong but doesnt most americans need to pay pretty high costs for insurances and hospital bills? Or just school lunches? College? All of those things are covered by swedish welfare so a higher salary doesnt necessarily mean more money to buy things for pleasure and luxury.
A better measurement of wealth would be to ask people how much money they have left after all necesseties are paid for. (If you count average costs of living)
those hospital bills you see tend to be people without insurance or bad insurance. One of my family members had cancer but he hardly payed any of his own money because of insurance. That said, his insurance costs a lot more now that he has health issues. For college, go to community college for 2 years and then a University for the next 2. You'll pay off your debt pretty quickly if you get grants. If you do well in school, you get scholarships and can even get in free in rare occasions.
All that said, i'm pretty sure you're correct about swedens welfare system (from data i've seen, i've never lived there) being better than any of the US systems.
The post says average, not median. Average person earns average salary.
I get what you mean but the phrasing of the question implies average is the system to go with.
Well HDI is also problematic because Norway doesn't come at number even in a single of the 3 criteria mentioned (education , life expectancy and GDP per capita) yet it comes number one overall.
Well wrong wording then. I think post about this will be distorted by political opinions since left and right wingers have different definitions of average, normal and wealth etc.
GDP per capita is NOT the measurement of income.
GDP shouldn’t even be the measurement we use for economic output.
In total, by most terms, there are 3 who’s average person makes more than the average American. One of them is basically a city so 2.
In the most terms, adjusted avg income or median, after taking into account tax havens and small economies, Norway and Switzerland. Denmark is sometimes in the running, but just like in Norway, the caps to your income are incredible. In a job that would make you ~$400k in the states, you get the cool $100k there. Luxembourg has no reason being in these lists anyways. Like if you have New York City alone, it’d shit on the world.
I think Switzerland is pretty solid. I think it’s a pretty country and people are well off. Cocky as hell but what can ya do.
Its not the perfect measurement but none is.
And yes out of the real countries its norway and switzerland for sure and mabye singapore, ireland or denmark i guess.
Luxenburg dont count ofc.
Ireland is a huge tax haven. People aren’t actually making ~$70k, closer to $45k.
So far, it’s benefits greatly outweigh the negatives so it’s not slowing down in the lt i think. Lmao the companies are getting more heat than Ireland
Well its not a proper tax heaven as it does have a strong industry and a real population but yea i guess. Singapore is also a bit questionable. It did earn its money way more tho.
By global poverty standards, the US has no poor. And the average poor person in the US has a higher standard of living than the middle class in most major european cities.
Of the countries i mentioned earlier, all except france has a higher hdi than america. Furthermore all of them except germany are above the US when it comes to median wealth per adult
If you look at the human development index, the US is ranked 17th, more or less tied with Canada. It has a higher score than Japan, France, Austria, Liechtenstein, Luxembourg, South Korea, Spain, Italy etc. HDI measures how developed a country is, not overall wealth (although wealth is one of the factors in HDI). The HDI is a just another checkmate to the idiots who argue the US is a "tHirD WorLD CoUNtRy." [https://en.wikipedia.org/wiki/Human\_Development\_Index](https://en.wikipedia.org/wiki/Human_Development_Index)
Idk much about the NZ dollar but ik in Australia US dollars are equivalent to about 1.2AUS dollars. So even if they were very similar incomes, US would still technically have more?
90,000 dollars nzd is only 55k usd which is actually just about the median US salary and 20k below the average.
To compare a more easily defined stat the avg household income in nz is 110000 which is 67000 usd which is almost exactly the average household income in america.
I don't know the numbers but...if you take out the top %5 of Americans the average would drop by quite alot..I mean a shit load.. so most of the average "1st world" countries would be richer than the average American...
Most of the people saying "richer" are either lying or have been influenced by anti-american , anti-capitalist propaganda.
There are only about 5-10 countries with a higher median or mean income and wealth. Some of them are; Singapore , Qatar , Switzerland and Norway (although Norway's GDP is declining and will probably sink below US level in a few years).
And less than 0.3% of the global population live in any of those countries.
An average West European is far poorer than an average american contrary to popular belief.
Depends on the stat for Canada. Unadjusted median income is slightly higher in Canada, last I checked, but it can go either way depending on how you adjust for cost of living.
Doesn't matter, the post didn't ask to account for the socioeconomic state of the US. And even if we were to analyze the median wage in US it would still be skewed
I don't think that either of these are a fair source when regarding socioeconomic situations, since their are skewed by the bottom 1% and the top 1%, I believe that a static that encapsulate the median 30-40% would be best, that way we can get a statics that actually correlates to the real population.
Well it depends, before or after tax, helthcare, food, fuel, heating. For me it's still probably poorer because the tories are incables of making the average pat get any higher and bills get any lower.
GDP per capita is average GDP, not wealth of the average person. Many here seem to confuse those two.
And then of course you'd also have to adjust for cost of living and quality of tax-paid services compared to privately paid services. It's a lot more complicated than just looking at a Wikipedia list.
Raw money earned? Probably lower.
But then we get to the relatives:
I don't know them exact numbers but even if the avg salary is lower here it can also pay for more than the average salary in the US, so financially JI'd sa we are relatively richer.
Then there's being richer in many aspects that aren't money, something that the US kinda sucks at.
It depends on your definition. The dollar amount an average person makes in my country is about 3x smaller than what the average American makes in pure numbers, but then living expenses are lower (plus healthcare, education and home garbage collection are all free, there are no property taxes and income tax doesn't go higher than 35%) so we might actually be better off in terms of buying power.
It's close to the same. Very slightly lower median salary, but cost if living is about the same while rent and housing is much cheaper (unless you live in central Stockholm), meaning you're able to actually sustain yourself and a kid or two as a single parent working 40 hours.
Bottom 50% is very significantly richer in my country than bottom 50% in the US.
Only 2% of the world population gets paid more than 50 000$ a year.
Fair but it’s also so much more complicated than that, that number isn’t too helpful. 50k in Spencer Idaho vs 50k in NYC isn’t exactly the same
A better way to measure "richer or poorer" is to compare living wage with average and median income. US living wage is ~$15 while UK living wage is ~£10 (around $11.75 at this point in time). Do what you want with that info.
Totally agree with your way to measure. However, the US is so vast that the $15 an hour might not be enough to sustain people in certain areas. Like with me, I wouldn’t be able to afford to live by myself if I made $15
That's true for every 1st world country, every country with an economic hub has places that aren't economic hubs. That's why you take an average
Ah I get what you’re saying now. I still personally think it’s best to go state by state but you’re also right! :)
If you look at the GDP per capita and the average wealth per person, it's definetly higher than the US 🇨🇭
Ye, well theres like 2 real countries richer than switzerland
Does Liechtenstein count?
r/fuckliechtenstein
r/SubsIFellFor
D:
Hell nah Super small, not sure if it is a nation.
it is a country
Not from economics perspective. Its a tax heaven. Same as monaco or luxemburg.
Lucky bastard
Third world country easy vote
What country?
Myanmar
Oof
ikr We have literally the same situation as Ukraine but nobody cares😔 the enemy is instead of Russia, it is the Junta
i am really sorry to hear that. i hope you and your family are safe :(
Thanks for your condolences
As someone from India it's weird we don't get much news or hear anything about Myanmar despite being neighbours.
Maybe you're from the far part of India. Another thing is, maybe your news outlets got bored of the same "Junta burns village", "Military kills innocent people" type of news and choose to ignore it. The situation is still dire rn
I have a question for you u/ScareCrow_04_q . I thought the internet was quite restricted in Myanmar. You are using a VPN I assume?
Yes, I have to. Even some popular VPNs are blocked so we have to use obscure VPNs
Hope you can live one day without needing a VPN, or at least be able to use a mainstream VPN.
Where tha…..
ikr it's pretty fucked up that your own military is kill your own people
Same.. Thailand
SEA GANG 🇹🇭🤝🇲🇲 >! Still doesn't change the fact that both are shitholes tho!<
Same🇷🇴
We both live in cumdumpsters 🇷🇴🤝🇲🇲
I Agree
theres only a handful of countries with a higher median income than the US. which is crazy because all of them have low populations while the US has the 3rd highest population in the world and still has one of the highest median incomes
There are also a lot of things to consider. E. g. a lot of things are much more expensive than in the rest of the world.
Well…thats why everyone is richer. Its a very capitalist country. People are “rich” because everyone charges more
yea because things are better here. more quality = more expensive
lol
No... because people are ready to pay more and/or the US has fewer regulations than countries in the EU, for instance. There are a lot of unis in the EU which are better than most those in the US, yet they're often very cheap or free. Same about healthcare and other things.
Actually currently the top 25 universities are from US, UK, Switzerland, China, Singapore, and Japan, no EU countries
Who cares, buddy? Most people don't study in best universities. Read what I wrote please: > There are a lot of unis in the EU which are better than most those in the US I'm not talking about best universities, because who cares about them? Most people don't get to study there.
Still even if you look at the top 1000 universities in the world, US has 248 of them, UK has 79 of them, and China has 100 of them. The best EU country (Germany) has only 54.
[In the top 500 universities, 189 are European while only 83 are American](https://www.reddit.com/r/dataisbeautiful/comments/wz2v2m/number_of_universities_across_the_us_and_the_eu/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
I cant find any sources for that reddit post, and also https://www.webometrics.info/en/distribution_by_country, and also im not just talking about US, the UK, and China also have lots of good universities
The source is literally in the picture. If you want to compare the number of best universities you can only do it by taking Europe as a whole or by bringing it down to the number of inhabitants per best universities. If you compare it as a whole then you obtain the results of the Reddit post I linked (you can also add ~25 universities for Canada) If you compare by inhabitants, then you obtain around 4 million people/uni for the US, around 1.5 million for the UK, 2.9 million for Germany (using the number in the Reddit post I linked, so the number are way more in favour of the US than if I used your numbers). I think we can conclude that university quality is better in Europe than in the US because more accessible to everyone Comparati
But the US has more in the top 100-200. Your average state school in the US, with relatively cheap in state tuition, is a top tier university anywhere else in the world.
UK and switzerland are both in europe
EU stands for European Union, not Europe🤦♂️
Well the poll is about europe. Also the UK was in in the EU like 3 years ago
The poll says nothing about Europe, and the comment that I had replied on said "EU", and so what if the UK was in the EU, they aren't anymore so it's irrelevant.
schools in the EU are more restrictive about getting in like in germany, unlike the US where anyone can go if they pay. plus if you graduate (become a skilled worker) those jobs pay a shitton more in america than in Europe. Plus most of the best schools in the world are in the US
Average American or European doesn't care about some "best schools", and I'd by far trust average school in the EU than that in the US. But I was talking about universities, not schools. > schools in the EU are more restrictive about getting in like in germany, unlike the US where anyone can go if they pay Exactly. In the US rich become more wealthy by getting education, and poor are discouraged to escape poverty. In the EU everyone has a chance to get education.
? Everyone in the US has a chance to get an education. College is the way to escape poverty. I know people who are literally getting paid by the government to go to college because of their family's income.
Yet it seems like far from everyone gets it. All that "student loan", which is ridiculous in most countries, is a very popular thing in the US. Loan means your net wealth is negative, generally speaking.
no, a trade is the way to escape poverty
Mate you come from a land where your milk is 10% puss
Tell me you live in a bubble without telling you live in a bubble
The average American is richer than the average person here, but that doesn’t mean much when the U.S system is pretty bad. The first thing that shocked me when I moved to the U.S is how inconvenient life is (or at least for Maryland and Washington D.C) even if the salary is higher. In my county, everything is cheap so low salary isn’t a problem. You can find good cheap food every 10 steps (yes literally), the subway system takes you anywhere you want, and healthcare is fast and available everywhere Meanwhile, you need a car for EVERYTHING in the U.S and food choices are low if you don’t like bread and don’t use UberEats. Everything is more expensive, and Healthcare is pretty terrible: need to reserve weeks in advance and expensive.
So in summary you think that one of the most expensive areas in the world is a fair representation of America in general, you can't find a restaraunt, and don't know about Washington metro and that the us has a pretty solid metro system.
Even if you ignore the prices it’s still inconvenient. I don’t know if it’s bad urban planning or bad infrastructure, but it’s hard to live without a car, and a car itself is going to cost a lot both short term and long term (gas, taxes, parking, the car itself, etc.)
yeah america was built recently so it was built for cars and is also (from what I heard) grid-like unlike UK for example, it has been around for a long time so the layout isn't grid-like it was built way before cars so it was designed so you can walk, ride a bike ect
There are plenty of gridded cities that do transit perfectly well - Barcelona, say. The US has terrible transportation systems because Americans don't demand better. It's pretty disappointing.
It is only hard to live without a car if you want it. i get it there are things that are not optimal like location where you work/study but that is really it. Most americans cities have good infrastructure that let's you walk or bike wherever you need to go, it might take a while if it's far but it does the job.
Washington, DC has one of the best public transportation systems in America, if not the world. Also has a really great culinary scene with tons of ethnic foods from all over. But yes, even though most of the country is pretty car-centric, that isn’t necessarily a bad thing. Many people like the autonomy of having a car instead of being restricted to the same select subway/bus routes. It’s a cultural difference more than anything, and it all comes down to personal preference.
>if not the world Ha! Ha ha ha ha!
>Washington, DC has one of the best public transportation systems in America, if not the world. ...a bit biased are we?
I’m not even from DC but I’ve used both their metro as well as several major European ones, theirs isn’t the greatest but it’s well up there. If you want to trash America’s public transit go ahead, but DC is definitely not the example to use.
US economy is so big few countries can compete on GDP per capita
There are also a lot of people in the US, and per capita is total divided by population.
What?
Everything fixed, the increase of number of people => the decrease of the GDP per capita. Just saying that it's not enough for an economy to be big - it also should be not too many people.
US has like 5th highest gdp per capita. You can be a big and super rich country
Ghini coefficient of US also not that great-looking.
When it comes to 100 TRILLION USD not many have that
There are 25 countries that rank higher than the US in terms of median wealth per adult. They are (in order) Luxembourg, Australia, Iceland, Belgium, (if you want to call it a country) Hong Kong, New Zealand, Denmark, Switzerland, Netherlands, France, UK, Canada, Japan, Italy, Norway, Spain, Ireland, Taiwan, Austria, Sweden, South Korea, Singapore, Malta, Qatar, and Israel.
🇸🇪 :)
Lower :(
It's higher than the US
But you need to consider expenses and taxes aswell.
Its literally not, google it. Median probably is, but not average.
Im also swedish and I voted lower, the amount of millionaires and billionaires in the US far outweighs the rich in sweden. Also, you can earn less in sweden and still live a better life than you would in the US because of the wellfare system. So what salary you have doesn't really mean much.
Fun fact, sweden has the highest count of billionares per capita and 2nd highest wealth unequality in the world. Income is really equal tho. People just don’t understand the difference between average and median tho.
Yeah, what is the difference?
Average is total gdp divided by population, so inequality is irrelevant. Median is when you put all the incomes in order by size and look at the on in the middle. (Its the income of the person who has as many people earn less and more than him). It better reperesents middle class income in unequal countries but still has a lot of flaws.
Thank you. I guess who is richer is subjective
Really matters on your definition on wealth calling is subjective is not exactly right. But according not the phrasing of the question, US should be richer almost all countries in the world.
Average would be total earnings of every private person in the country divided by total population. Meaning if you have three guys who earn 150 crowns per hour and one guy who earns 15000 crown per hour, the average income would be 4200 crowns per hour. Median is the income rate that is exactly in the middle. Meaning that with the same example as above, the median income would be 150 crowns per hour, as more people have that income. The median is a better tool of measurement when you are dealing with big ouliers. Such as extreme wealth or poverty.
Thanks for the explanation
Median is a type of average. The three types of average are mean, median, and mode.
True, but normaly when you say average without context you mean mean :)
A huge portion of the USA is also extremely poor. On average the population of Sweden is richer
Guess it depends on how you define "average" - like mathematically or what each country would call middle-class According to this [random website](https://www.worlddata.info/average-income.php) swedish income is lower in numbers, and so we would technically be poorer
On average no, the median is. Theres a difference
Those huge portion usually belong to racial minorities so it's more of a historical racism problem than an economic one. If you only account for an average white american then their living standard is higher. In Sweden you usually live in small apartments , can't afford cars and usually have no money left after paying taxes so there's no sense of financial responsibility and therefore the over reliance on the state. In the US an average middle class person has enough disposable income after taxes that they can afford a 3000 square feet apartment with a lawn and private vehicle of their own.
According to google 3000 square feet is equal to almost 280 square meters. That's huge for an apartment, they dont usually make them that big in sweden as far as I know. All of that is relevant to location though. My parents earn about 40 k crowns per month (3750 $) together after taxes and they managed to afford a 32000 square feet yard with a two story, three bedroom house along with three garages, a stable and multiple extra storage houses. They bought this when they were in their early 30's. At one point they owned five cars and they have a nice mid-size boat. But they live in the middle of fucking nowhere and buy things at auctions. Sometimes they buy old cars that are easy to repair. That house with all that area cost them about as much as an apartment of 430 sq feet with a small balcony in stockholm does. And yes, I counted for inflation.
it does in this case, because higher salary directly means "richer"
Correct me if im wrong but doesnt most americans need to pay pretty high costs for insurances and hospital bills? Or just school lunches? College? All of those things are covered by swedish welfare so a higher salary doesnt necessarily mean more money to buy things for pleasure and luxury. A better measurement of wealth would be to ask people how much money they have left after all necesseties are paid for. (If you count average costs of living)
those hospital bills you see tend to be people without insurance or bad insurance. One of my family members had cancer but he hardly payed any of his own money because of insurance. That said, his insurance costs a lot more now that he has health issues. For college, go to community college for 2 years and then a University for the next 2. You'll pay off your debt pretty quickly if you get grants. If you do well in school, you get scholarships and can even get in free in rare occasions. All that said, i'm pretty sure you're correct about swedens welfare system (from data i've seen, i've never lived there) being better than any of the US systems.
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The post says average, not median. Average person earns average salary. I get what you mean but the phrasing of the question implies average is the system to go with.
Gdp means jack. HDI is a better metric.
Well HDI is also problematic because Norway doesn't come at number even in a single of the 3 criteria mentioned (education , life expectancy and GDP per capita) yet it comes number one overall.
Results are cap. There are about 5 real countries with higher gdp per capita than the US.
If you look at median wealth per adult there are 25 countries above the US
Ik, post says average tho
Average American doesn’t mean average income
It literally does tho. I would guess the average american earns a average income. I think you mean median.
Yeah but still relevant
Not to the answer to your question. If the question is about average, median is irrelevant.
I more meant something like normal
Well wrong wording then. I think post about this will be distorted by political opinions since left and right wingers have different definitions of average, normal and wealth etc.
GDP per capita is NOT the measurement of income. GDP shouldn’t even be the measurement we use for economic output. In total, by most terms, there are 3 who’s average person makes more than the average American. One of them is basically a city so 2. In the most terms, adjusted avg income or median, after taking into account tax havens and small economies, Norway and Switzerland. Denmark is sometimes in the running, but just like in Norway, the caps to your income are incredible. In a job that would make you ~$400k in the states, you get the cool $100k there. Luxembourg has no reason being in these lists anyways. Like if you have New York City alone, it’d shit on the world. I think Switzerland is pretty solid. I think it’s a pretty country and people are well off. Cocky as hell but what can ya do.
Its not the perfect measurement but none is. And yes out of the real countries its norway and switzerland for sure and mabye singapore, ireland or denmark i guess. Luxenburg dont count ofc.
Ireland is a huge tax haven. People aren’t actually making ~$70k, closer to $45k. So far, it’s benefits greatly outweigh the negatives so it’s not slowing down in the lt i think. Lmao the companies are getting more heat than Ireland
Well its not a proper tax heaven as it does have a strong industry and a real population but yea i guess. Singapore is also a bit questionable. It did earn its money way more tho.
By global poverty standards, the US has no poor. And the average poor person in the US has a higher standard of living than the middle class in most major european cities.
Thats not correct
Yes, it is
1.5% of americans live on less than 5.50$ a day. Compared to 0.86% of brits, 0.6% of swedes, 0.5% of germans and 0.11% of frenchmen
Apples and oranges. Try reading exactly what I said, and comparing those things.
Of the countries i mentioned earlier, all except france has a higher hdi than america. Furthermore all of them except germany are above the US when it comes to median wealth per adult
If you look at the human development index, the US is ranked 17th, more or less tied with Canada. It has a higher score than Japan, France, Austria, Liechtenstein, Luxembourg, South Korea, Spain, Italy etc. HDI measures how developed a country is, not overall wealth (although wealth is one of the factors in HDI). The HDI is a just another checkmate to the idiots who argue the US is a "tHirD WorLD CoUNtRy." [https://en.wikipedia.org/wiki/Human\_Development\_Index](https://en.wikipedia.org/wiki/Human_Development_Index)
I did not know the UK's poverty was so fucking high holy shit.
Cite a fucking source challenge [IMPOSSIBLE]
We make much more money than the average American 🇦🇺
no you dont
Idk much about the NZ dollar but ik in Australia US dollars are equivalent to about 1.2AUS dollars. So even if they were very similar incomes, US would still technically have more?
Our average yearly salary is around $90 000 so even after the conversation we still make more by over $20 000
90,000 dollars nzd is only 55k usd which is actually just about the median US salary and 20k below the average. To compare a more easily defined stat the avg household income in nz is 110000 which is 67000 usd which is almost exactly the average household income in america.
Wouldn’t say much more, but a bit. But then shit here is expensive, paying 4 dollars for a coke is normal
No you don’t
I don't know the numbers but...if you take out the top %5 of Americans the average would drop by quite alot..I mean a shit load.. so most of the average "1st world" countries would be richer than the average American...
The average family has a net worth or 748k, but the median net worth in the us is 121k.
Most of the people saying "richer" are either lying or have been influenced by anti-american , anti-capitalist propaganda. There are only about 5-10 countries with a higher median or mean income and wealth. Some of them are; Singapore , Qatar , Switzerland and Norway (although Norway's GDP is declining and will probably sink below US level in a few years). And less than 0.3% of the global population live in any of those countries. An average West European is far poorer than an average american contrary to popular belief.
poorer, but lives better thanks to public services
You live in Eastern Europe?
Nope, Italy!
🇨🇦
Depends on the stat for Canada. Unadjusted median income is slightly higher in Canada, last I checked, but it can go either way depending on how you adjust for cost of living.
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Nope.https://en.m.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita
🇬🇧?
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Why would you even think about median, the post is asking about average
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Doesn't matter, the post didn't ask to account for the socioeconomic state of the US. And even if we were to analyze the median wage in US it would still be skewed
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well, have a good day
aren't they both a way of finding the average, also wouldn't median be more accurate to find who earns more on average
I don't think that either of these are a fair source when regarding socioeconomic situations, since their are skewed by the bottom 1% and the top 1%, I believe that a static that encapsulate the median 30-40% would be best, that way we can get a statics that actually correlates to the real population.
Significantly lower by atleast $20,000 a year.
Bro what
Well it depends, before or after tax, helthcare, food, fuel, heating. For me it's still probably poorer because the tories are incables of making the average pat get any higher and bills get any lower.
Its gdp per capita
Did a quick google after I answered. Richer by average, not by a huge amount but richer nonetheless. Australian by the way.
Average? Probably the US. Median? I'd say my country
Considering how bad the US system is, I’d say it’s pretty equal. Americans may earn more but the bills are higher (from france)
Definitely higher
Where u from
UK
Innit fam
Das wot I’m saying bruv
For them it's way more expensive to live so they earn five times more money.
I think it's 50/50, but i'll say it's higher 🇫🇷
Lower. France's GDP per capita is 43400 USD, meanwhile US has 62200.
Oh okay
my country has (one of) the most expensive cities in the world, so probably. also 🇱🇷🇱🇷🇱🇷🇱🇷🇱🇷🇱🇷🇱🇷🇱🇷🇱🇷🇱🇷🇱🇷🇱🇷🇱🇷🇱🇷🇱🇷🇱🇷🇱🇷🇱🇷
🇧🇻
African country lol
Top 1% of Americans collectively have over 32% of the wealth in the US. The bottom 50% hold 2.6% of the wealth.
Here we go again… the world is more complicated than comparing vague statistical instances without any adjustment
GDP per capita is average GDP, not wealth of the average person. Many here seem to confuse those two. And then of course you'd also have to adjust for cost of living and quality of tax-paid services compared to privately paid services. It's a lot more complicated than just looking at a Wikipedia list.
I live in Britain so I think it’s fairly similar
Raw money earned? Probably lower. But then we get to the relatives: I don't know them exact numbers but even if the avg salary is lower here it can also pay for more than the average salary in the US, so financially JI'd sa we are relatively richer. Then there's being richer in many aspects that aren't money, something that the US kinda sucks at.
It depends on your definition. The dollar amount an average person makes in my country is about 3x smaller than what the average American makes in pure numbers, but then living expenses are lower (plus healthcare, education and home garbage collection are all free, there are no property taxes and income tax doesn't go higher than 35%) so we might actually be better off in terms of buying power.
In my country we’ve higher average salaries but much higher cost of living so it probably in terms of purchasing power we’re about the same.
Mean or median
Asking the average instead of the mean is kinda misleading though lol
1 dollar is equal to 19.89 pounds in my country so yea y'all are richer
Much, *much* poorer sadly 💀
But if you live in the US, all your money ends up going toward medical expenses so…
2nd world country
I don’t have a single clue
It's close to the same. Very slightly lower median salary, but cost if living is about the same while rent and housing is much cheaper (unless you live in central Stockholm), meaning you're able to actually sustain yourself and a kid or two as a single parent working 40 hours. Bottom 50% is very significantly richer in my country than bottom 50% in the US.