A new study of worldwide wealth showed the bottom 20% of U.S. income earners were wealthier on average than people in most European countries.
The study, conducted by Just Facts, released last week found the bottom fifth of American citizens "consume more goods and services than the national averages for all people in most affluent countries," including European countries on a per capita basis. Individuals in the poorest 20% of the United States on average have more material resources than those in Canada, the United Kingdom, and Japan.
The analysis examined income, charity, and noncash welfare benefits to determine how many goods and services people consumed in each country. Henrique Schneider, the chief economist of the Swiss Federation of Small and Medium Enterprises, said the study "provides valuable insight into poverty measures."
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It's hard to avoid aggressive government regulations when you have an entire generation of boomers whose unchecked USE, USE, USE mentality put us in a reactionary position. What do you all care, you'll be dead before the consequences of your actions are revealed. Or even better, you cant either deny it's occurring because you don't understand it or because you don't care. Cheers snowflake generation!
ReplyDeleteCanadians seem perfectly happy.They take pride in their country.Very little or no trash along the highways.Canada and other countries that have socialized medicine have had it since inception,so no adjustment or sacrifice was ever made by it's citizens.Instant care should not be necessary unless an ER issue arises.They make out just fine because they are in better physical shape than Americans.
ReplyDeleteThey also lost all their good doctors doctors the government wants to short change them.
DeleteBut Canada is not $22.5 TRILLION in debt!
ReplyDelete