This attitude is why EU countries are mostly quite poor compared to the US and have relatively unproductive and low-tech economies. You bring it upon yourself.
Are you talking about me, personally, or Americans in general? I suppose it doesn't really matter - you'd be wrong in either case. The median person in the poorest US state is richer than the median person in the UK, for example.
Most Americans grumble about paying for healthcare, and we are getting ripped off, but it's also very rare for someone to actually die because they can't afford it. Anyone in the top, say, 80% of American society has some form of employer-subsidized insurance.
These words are doing some very heavy lifting.
This is due to the garbage GDP numbers. Based on these, the quality of life in the Mississippi is better than in Japan. Not a single chance. The US numbers are highly inflated by the financial sector and real estate. It'll take a financial crisis and dethroning of US dollar to show how truly poor these places are.
Source? Are you adjusting for cost of living, per capita, and using the median?
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nomi...
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)...
> Are you adjusting for cost of living, per capita, and using the median?
Yes, yes, and no (irrelevant because it barely shifts the result)
Come on, this is Econ 101 and basic logic.
> Come on, this is Econ 101 and basic logic.
You griping about luxury goods on principle isn't "Econ 101" or "basic logic".
You can look at basically any material metric you like (cars owned, house size, etc.) and Americans come out ahead. Nominal GDP numbers are kind of nonsense, but they're directionally the same nonsense everywhere, so they actually work OK as an international comparison.
Rate of personal bankruptcies? Homeownership rate? Median household net wealth?
The amount of cars Americans have on absurd loans is entirely irrelevant to their personal wealth or lack thereof.
The allocation of debt is essentially irrelevant - there are materially more, bigger, better cars per capita in the USA. Whether those cars get repo'd and transferred to richer Americans is irrelevant - you can't fake the material presence of more stuff.
Then you're comparing countries with better distributed quality of life based on GDP or the presence of billionaires and unicorns, as if between you, Zuck, and Musk you have an average wealth of $500B. There are much poorer GDP-wise countries where people live better and are happier than the US :)
The median American has all of these things better than the median European, except maybe healthcare. That's tough to compare. Some countries like the UK clearly have worse healthcare than the US.
Most of the top colleges are American. American homes tend to be much larger and nice than European homes.
> Then you're comparing countries with better distributed quality of life based on GDP
The distribution is really not that skewed. In most states, median income is within 40% of mean income.
Whether you compare median or mean, Americans reliably come out ahead, except for a few small Euro countries (mostly tax havens for American companies).
No. Source: https://en.wikipedia.org/wiki/List_of_countries_by_wealth_pe...
By median, the US is on par with Italy. If you adjust for property prices (cheaper in Italy), then it's definitively lower.
How about the median Western European (including nordic)?
>Most of the top colleges are American.
Yes, because that's where the money and companies are. Those concern a miniscule minority of the population - with most either not having access to education, or only through huge personal debt. And even there, take away the majority Europeans, Asians, Indians, etc doing the research in these (after having been educated in their local countries), and it would be a wasteland.
>Some countries like the UK clearly have worse healthcare than the US
The UK had better healthcare than the US for the average person, it only fell behind because of opening itself up too much because of immigration (without sufficient funding increases) and also because of following US-like neoliberal policies in the past 20 years or so that hurt the NHS.
>Whether you compare median or mean, Americans reliably come out ahead, except for a few small Euro countries (mostly tax havens for American companies).
Not exactly.
https://en.wikipedia.org/wiki/List_of_countries_by_wealth_pe...
US ranks 3 by mean but 15 by median. It's ahead of most European by mean but by median most West European are ahead. And this doesn't adjust for property prices.
Yep! And the European countries behind include like ex-soviet bloc countries and such (basically starting from very low in 1989-1991). And as you not, the cost differences (not accounted in the table) push European countries even further than this ranking.
Besides mean vs median, I'd point also quality of life factors not measured in dollars or euros.