| America blows past the rest of the developed world on disposable income per capita and it’s not even close: https://en.m.wikipedia.org/wiki/Disposable_household_and_per... And before someone chimes in “that’s because of the billionaires throwing off the average!” Look at the median disposable income chart. America is still at the top. The median American is far wealthier than the median European person, even after accounting for things Americans normally complain about like healthcare, education costs, and retirement contributions. This results in some crazy stats, like the fact the median Mississippi resident has more disposable income than the average UK resident (and that includes financial hub London). And again, this is AFTER accounting for healthcare, education, etc costs. |
There is an easy sanity check: Swiss GDP per capita is higher than in the US, both in absolute terms and in PPP terms. Their Gini coefficient is lower, meaning that the income distribution is more equal than in the US. If a comparison shows that the average/median disposable income is substantially higher in the US than in Switzerland, it is measuring something weird.