Even the GDP per capita number is misleadingly optimistic if the 0.01% are taking the lion's share of growth that I'll stipulate might be "the same or higher than Sweden's entire GDP."
If the typical American isn't prospering, what good is it?
If the typical American isn't prospering, what good is it?
Well, neither is the typical Swede. They have an astronomical housing bubble that's just waiting to burst, the average household has a debt around twice the income, while the gap between rich and poor has been widening for a long time now.
It's not all roses and relative to where they are, most seem to be preparing for worse days ahead, rather than better ones.
I'm not claiming the wealth gap in Sweden is healthy on an absolute scale, but relative to the US it's about half. Every economy has challenges, but the historical results I posted show that US chest-thumping is exceptionally silly.