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by Wytwwww
520 days ago
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PPP adjusted median household disposable income per capita (with social transfers like public healtchae and stuff) in US was $62k back in 2022. West Virginia is ~72% of the national median. So Sweden? Of course, money obviously isn't everything (not /s). And income inequality is much higher in WV than in Sweden. It's actually higher than in any European country. Which makes comparisons like this rather tricky (it's not even rich vs poor but median vs poor which is the problem in the US when you compare it to Europe). The most equal US state (Utah) is still more unequal than the EU country which has the highest income inequality ( Bulgaria). Interestingly enough before taxes France, Finland, Italy, UK etc. have comparable income inequality to the US. West Virginia isn't the poorest state though (e.g. it's about on par with New Mexico). Mississippi and Louisiana are. |
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That can be true while at the same time the 3rd percentile of income earners in the US earn more after taxes than the 3rd percentile in Europe, ditto for the 4th percentile and so on up to the 99th percentile (since the average income in the US is significantly higher).