I mean I don't know how anyone can travel to Europe from the US and not grasp that consumption is a lot lower and people have less money to spend overall.https://twitter.com/lymanstoneky/status/1055021088164454408 …
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Seems normal for service workers and students in very expensive areas (e.g. London, Reykjavik). Otherwise maybe a bit weird.
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Fair enough, but just seems like Europeans spend a lot less on everything although it might very well be due to our abysmal savings rate here in the US
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Well I agree with the broader point. I mean the data supports it and it's one reason I moved back to the US.
End of conversation
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