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by abright 192 days ago
Sure, the USA is in the top five in terms of median income. They are also tied for first for having the highest cost of living.

https://worldpopulationreview.com/country-rankings/cost-of-l...

1 comments

> They are also tied for first for having the highest cost of living.

Who cares?

Absolute savings rate and net worth are what matter.

Any European will gladly live in America for US$1 million/year income even if the cost of living is US$300k/year.

Americans at every wealth level live shorter lives than e.g. Brits.

https://www.ft.com/content/653bbb26-8a22-4db3-b43d-c34a0b774...

> Absolute savings rate and net worth are what matter.

OK, now tell me how the savings and net worth look like for your average American. I'll give you a bit of a spoiler: it's not good.

Who the fuck do you know that makes a million dollars a year? The majority of Americans barely clear that bar over their entire career.