US vs Europe Wealth

An article that discusses this point better: https://fee.org/articles/the-poorest-20-of-americans-are-ric...

Sorry if we the Europeans burst your bubble:https://html.duckduckgo.com/html?q=rich%20people%20in%20the%...

I'm surprised wealth distribution wasn't mentioned in the stuff about GDP comparison. I'm no Economist but I was under the impression that wealth is distributed more evenly in European countries than in the US. We have rich people here in Europe but the US seems to have lots of insanely rich people and lots of poor people to go with it...

Yes. It’s based on OECD data, which uses PPP dollars. (Purchasing power parity dollars.) The US makes a classic average case versus worst case trade-off. The bottom 20% in the US are poorer than in other Western countries and there is less of a safety net. But in terms of material lifestyle, the median is better off.

Country being wealthy doesn't mean all the people in it are. Just a few percentage points at the top.US citizens, esp those under so called middle class, rank worse than most other western countries. Ya know all those Eurpean socialist ones.

Possibly, the USA is a good place to be rich and not so good of a place to be poor.

For US Median ~63k vs mean ~73k: https://en.m.wikipedia.org/wiki/Household_income_in_the_Unit...Germany (typically used as an example of a wealthy country in EU) is ~49k mean (average), so US has higher median and mean income than Germany. One can get into services, etc, but still US is a rich country.Once you get much past north west of EU, things get

The Thirteen Colonies were the richest group of states under the British and as the US grew it continued to be land rich and labour poor. Americans were noticeably taller than Europeans until week after WWII. The rest of the world has caught up some but the US is without a doubt in the top ten by GDP per capita though competing with city states and what would be individual states there. Measured by average individual consumption it’s probably number 1. The US may not be a good place to be in th

The US is the wealthiest country on paper, sure.But there is huge gap between the elite and the poor. And meritocracy? That's actually a socialist ideal. Fact is that people in the Netherlands or Norway aren't fleeing to the US. There are advantages to living in a welfare state.

while it's true and it s very unequal the difference has become so big that even the poorest americans are richer than most europeans.