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A comment on Federal Reserve to increase interest rates by 75 basis points for the third time. Parent comment

Re:Federal Reserve to increase interest rates by 75 basis po... by marcusverus on Wednesday September 21, 2022 @03:38PM (#32930425)
This seems like a very hand-wavy comparison. By the numbers, the difference is enormous--Japan's average household net-adjusted disposable income per capita is $28,900. For direct comparison, the USA's average is 77% higher than Japan's at $51,100. Japan's average is even below the OECD average (which includes a mix of leading Western countries and less developed countries like Costa Rica and and Hungary) by 5%.

[0]https://www.oecdbetterlifeindex.org/countries/japan/ [1]https://www.oecdbetterlifeindex.org/countries/united-states/

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Re:Federal Reserve to increase interest rates by 75 basis po... by HelloMcFly on Thursday September 22, 2022 @08:24AM (#32937887)
> This seems like a very hand-wavy comparison.

That's a pretty ungenerous response when I was asking in good faith to understand, even expressing my own ignorance. I only know people that hold dual citizenship, and their experience of Japan certainly isn't some big step down from the US.

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