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by rayiner
2539 days ago
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"The american system is bad for the poor or unlucky" is a very different argument than "the american system is bad for the average person." The difference in median disposable income between the U.S. and the U.K. is stunning: almost $17,000. Even after you factor in things like student loan debt (averaging $220/month for the minority of people who have student loans at all) and out-of-pocket healthcare expenses and premiums (a few thousand a year on average, versus maybe a thousand or so in other OECD countries), the median American household is coming out way ahead. |
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> Two-thirds of people who file for bankruptcy cite medical issues as a key contributor to their financial downfall. [2]
United Kingdom suicide rate per 100,000 7.5, United States 13.8 [3]
United States Murder Rate per 100,000 5.35, United Kingdom 1.2 [4]
More to life than money I guess, also your $17,000 is accounting for income distribution, at first glance that looks good but while our income distribution is pretty bad, the US is positively Dickensian.
No jingoism intended here, we get a lot wrong and other countries straight up kick our arse (Spain's infant mortality rate is half ours at 2.0 for example amongst major European countries) but that just means we should be looking to improve.
[1] https://data.oecd.org/healthstat/infant-mortality-rates.htm
[2] https://www.cnbc.com/2019/02/11/this-is-the-real-reason-most...
[3] https://data.oecd.org/healthstat/suicide-rates.htm#indicator...
[4] https://en.wikipedia.org/wiki/List_of_countries_by_intention...