|
|
|
|
|
by bildung
2104 days ago
|
|
GDP per capita isn't that insightful for this topic because it doesn't tell whether disposable income actually grew. It could also be the case that i.e. only the top 1% household income grew. Median household income is a better metric to get a feeling for the live of the actual, average citizen. Median personal income in the EU grew 18.5% from 2008 to 2018 and 8.7% in the US. (It grew more in 2019 but I couldn't find the corresponding EU data for 2019). The divergence from GDP per capita means most people didn't receive the growth in productivity. US: https://fred.stlouisfed.org/series/MEPAINUSA672N EU: https://appsso.eurostat.ec.europa.eu/nui/submitViewTableActi... |
|
But if you actually look at disposable income germany has nearly 10k less than the US. Thats not even to mention places like greece, Portugal, and spain.
https://en.wikipedia.org/wiki/Disposable_household_and_per_c...