Re:Rich countries tend to have a bigger middle-class, except...
by wildmusings on Tuesday April 23, 2019 @04:39PM
(#19732591)
It’s incredibly deceptive because not only is almost everyone in the US wealthier than their counterparts in the distribution in Europe, but they have much higher purchasing power due to much lower prices.
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Re:Rich countries tend to have a bigger middle-class, except...
by dblotsky on Tuesday April 23, 2019 @04:40PM
(#19732604)
But they might also spend more of that money on things that are free in Europe.
Re:Rich countries tend to have a bigger middle-class, except...
by acchow on Tuesday April 23, 2019 @04:41PM
(#19732614)
There should be data available for distributions of income including government transfers. But I would expect that the median for US would still be faring much better than the median for France.
Re:Rich countries tend to have a bigger middle-class, except...
by dblotsky on Tuesday April 23, 2019 @08:31PM
(#19734445)
Based on what data would you expect that?
Re:Rich countries tend to have a bigger middle-class, except...
by ModernMech on Tuesday April 23, 2019 @04:44PM
(#19732637)
Do we though? I spend most of my income on rent, healthcare, and student loans. I don't buy much because at the end of the day there's not much left over.