The time needed to get $1 in international dollars is 63 minutes in the US. This is about twice the average in Germany, France and the UK according to an Oxford University researcher. This suggests that average poverty is significantly higher in the US.
  • stickly@lemmy.worldEnglish
    0·
    3 months ago

    Going to bookmark this for the next time I hear Europeans chastise Americans for being rich and too comfortable and lazy to fight fascism.

    Putting aside social safety nets, an average American needs to work nearly 2.5x as long for the same dollar as an average German. And because that number is inclusive of the whole population, I have a sneaking suspicion that the USA’s larger Gini coefficient makes that ratio even higher between the poorer American vs poorer German.

    • Pip@feddit.orgOPEnglish
      01·
      3 months ago

      Yep, you are right. It’s on Europeans to mitigate the fallout, and Americans can leave depending on the midterms.