Earlier quoted context omitted.
We work many more hours and we have to pay more for benefits like health care. Most other medical costs are higher here too; drugs are a lot more expensive in the US than the rest of the world, because the drug companies fold the research and testing costs into our prices, and only include manufacturing and distribution costs in the rest of the world's pricing. Cars might be cheaper here, and gas certainly is, but we…
Erm.. I'm certainly no expert, but 'we have to pay more for benefits like health care' should be somewhat qualified. In DE half of the (state based. There's a 'I don't want to be part of the general system' option that works slightly different) health care is payed by your employer, half is deducted from your salary. It's a percentage of your income. Next thing that kind of trips me here is that I'm pretty sure that…
Also, we have very limited safety net for retirement, so figure another 10% (or so) going to retirement savings. With my 401(k) contributions, my paycheck is almost exactly 1/2 of my gross pay.