51–60 of 248 posts
I suspect using the median net assets instead of the average would lead to vastly different results.
Actually the 20% poorest in the US has it better than the average EU middle class. Ref: https://www.google.com/amp/s/fee.org/articles/the-poorest-20...
https://fee.org/articles/the-poorest-20-of-americans-are-ric...
Earlier quoted context omitted.
Actually the 20% poorest in the US has it better than the average EU middle class. Ref: https://www.google.com/amp/s/fee.org/articles/the-poorest-20...
The second decile in the US had in 2017 a wealth of $4798 (-962 for the first decile), while in France in 2015 the second decile had E12900, E4300 for the first decile. And, you know, access to health care :-)
Earlier quoted context omitted.
https://en.wikipedia.org/wiki/And_you_are_lynching_Negroes
I mean, it's not like they were wrong about that. I don't know what to conclude from this other than most of history is terrible and the present often isn't so great either. Until we live in a utopia, there will be no shortage of targets for whataboutism.
Earlier quoted context omitted.
I like how they calculated consumption, rather than income or net wealth. That's a more honest way of comparing poverty in different countries.
I'm not sure it's an entirely fair way to define poverty. In many parts of Europe you can have a relatively high standard of living without consuming (or even owning) all that much. For example, you can have a high standard of living without owning a car (and all the 'consumption' that goes along with that), in cities that have good public transport, and a good infrastructure/environment for walking and cycling. In m…
I'm not a fan of cars. It'd be nice if they were toys for the rich and Australian cities were built around everyone walking around or catching public transport.
Earlier quoted context omitted.
Actually the 20% poorest in the US has it better than the average EU middle class. Ref: https://www.google.com/amp/s/fee.org/articles/the-poorest-20...
And you still have plenty of homesless and destitute. Pretty sad that you can't look after the most vunerable.
Lower than France, Germany, and the UK, Sweden, Canada, and Australia. Equal to the Netherlands.
I suspect using the median net assets instead of the average would lead to vastly different results.
Actually the 20% poorest in the US has it better than the average EU middle class. Ref: https://www.google.com/amp/s/fee.org/articles/the-poorest-20...
https://www.google.com/search?q=texas+colonias&sxsrf=ACYBGNT...
Earlier quoted context omitted.
I'm not sure it's an entirely fair way to define poverty. In many parts of Europe you can have a relatively high standard of living without consuming (or even owning) all that much. For example, you can have a high standard of living without owning a car (and all the 'consumption' that goes along with that), in cities that have good public transport, and a good infrastructure/environment for walking and cycling. In m…
But if consumption capacity was equal in Europe, that consumption would shift to something else, such as food and entertainment. People in New York City don’t consume less because they don’t own a car—they spend more money eating out, etc. And Europeans are hardly ascetics. It’s fair to assume that in both places, if people had more means to consume they would.
Not the parent commenter but why do you think they would if they could?
Consumption habits across borders aren't as obvious to me because of advertising, culture, etc.
Earlier quoted context omitted.
The second decile in the US had in 2017 a wealth of $4798 (-962 for the first decile), while in France in 2015 the second decile had E12900, E4300 for the first decile. And, you know, access to health care :-)
and affordable highspeed internet.
It’s almost as if it’s part of a pattern, where the top 75% in the US do better than France, while the stronger French safety net is better for the bottom 25%.
Just like a classic coordination game.
I suspect using the median net assets instead of the average would lead to vastly different results.
You don't need to suspect. Unlike this news, Global Wealth Report itself is a serious undertaking so it computes both median and average ranking. USA is #1 in average and #13 in median. Switzerland is #2 in average and #1 in median.