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In a couple of small, wealthiest countries in Europe (Scandinavian countries, Switzerland), sure. But everywhere else, if you go for the dream and fail, you'll be barely making a living. Whereas in the US, you can fail and likely still land a $40k-50k job doing whatever. In Europe, managers in serious firms often don't make $50k.

Also, serious health problems before 40 are really rare.

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I think you're both right in the sense that, USA is more forgiving of career "mistakes" and people get many chances to "make it big" financially , while Europe is a little more conservative about career history but has better safety net which also gives people chances to re-invent themselves. (Speaking as someone who's lived in both UK and US). :)

I see your point but I respectfully disagree.

It seems to me you are taking only maximum absolute dollar into account. 50k€ or less in Europe is more like $100k in my experience.

Assumptions:

- Comparing salaries in absolute dollar amount, without considering other costs from taxes, social security and cost of living.

- Education cost.

- Not falling sick, rare or not. Or needing an ambulance.

TLDR. The worst case in Europe is better than in the US. The best case in the US is better than in Europe.

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