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Re:Why Germany Is Rich but Germans Are Poor and Angry
by rsynnott on Monday January 15, 2024 @12:18PM
(#39003358)
Ah, more grist for this study: https://www.economist.com/graphic-detail/2018/02/14/american...
(It appears that Americans are over-optimistic about social mobility, Europeans over-pessimistic. Americans are very unlikely to go from poor to rich (bottom quintile to top in this case), but think it's easy. Europeans are rather more likely to, but think it's impossible.)
This is actually kind of what you'd expect (in particular because of how expensive university education is in the US), but it doesn't really gel with how people _think_ the world works.
Re:Why Germany Is Rich but Germans Are Poor and Angry
by codepenguin on Monday January 15, 2024 @12:16PM
(#39003327)
I'm not sure that is true: https://www.economist.com/graphic-detail/2018/02/14/american...
Social mobility is perceived as greater in the USA than some EU countries, but in reality the opposite is true.
Re:Why Germany Is Rich but Germans Are Poor and Angry
by thfuran on Monday January 15, 2024 @12:16PM
(#39003328)
Nope. US doesn't have very good social mobility, though there are a couple European countries that aren't better.
Re:Why Germany Is Rich but Germans Are Poor and Angry
by sentinalien on Monday January 15, 2024 @12:17PM
(#39003343)
https://en.wikipedia.org/wiki/Global_Social_Mobility_Index Not according to this study
Re:Why Germany Is Rich but Germans Are Poor and Angry
by mckirk on Monday January 15, 2024 @12:17PM
(#39003345)
Are you sure that's the case? My intuition would tell me that that's the 'myth' that keeps the American dream alive, but you might actually have a much harder time in the US getting out of poverty because of the lack of social safety nets. I don't have data to back that intuition up either, though.
Re:Why Germany Is Rich but Germans Are Poor and Angry
by jacquesm on Monday January 15, 2024 @12:16PM
(#39003322)
This also reflects on family relationships. It's fairly rare for Europeans to 'move to where the work is' whereas in the USA it is very normal. As a result social cohesion differs considerably. Though institutions such as churches compensate for this to some extent in the USA.
Re:Why Germany Is Rich but Germans Are Poor and Angry
by bhpm on Monday January 15, 2024 @12:17PM
(#39003348)
I haven’t lived in Europe but my impression has always been that it’s a trade off. Less mobility, but less chance of being completely fucked by poverty.
In your experience, is this the case?
Re:Why Germany Is Rich but Germans Are Poor and Angry
by thfuran on Monday January 15, 2024 @02:23PM
(#39004945)
There are some European countries with worse mobility than US, but the top countries on most indices I've seen are mostly European, and the US is a ways down.
Re:Why Germany Is Rich but Germans Are Poor and Angry
by edgyquant on Monday January 15, 2024 @05:53PM
(#39007144)
I see the study posted above but I seriously doubt this and think there’s some statistical nuance being lost here. Looking at a list of the worlds richest people outside of the US most of it is entirely inter generational while the US citizens shot from middle class to billionaires thanks to tech and what not. The income disparity alone means it’s gonna be hard to argue against US citizens having a better chance at building wealth than Europeans and median/average wealth in the US vs the biggest European countries confirms this.
Re:Why Germany Is Rich but Germans Are Poor and Angry
by djhope99 on Monday January 15, 2024 @12:41PM
(#39003665)
Sort of depends where you are. I was working in the UK and moved to the USA and my earnings and lifestyle shot up. The USA is very variable depending on the state you are in. The studies mentioned may not properly account for that variability.