This data is a decade old, but it shows that the U.S. has a higher median income than almost any European country.pic.twitter.com/eBp2rbZzIn
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And wouldn’t you need a constant higher income/savings to offset irregular but large out of pocket health care costs? Basically, higher income as an insurance against going bankrupt
After living in a couple of European countries as well as the United States, I can’t imagine anyone picking a low income life in the US if they have the choice
Since it includes pension and Social Security payouts, it does take that into account, yes
Even more sophisticated measures that include the social transfers in-kind (such as education and health care services) that households receive from government do not change the result for median household.pic.twitter.com/bWAnWv6Odu
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