Nope. I checked first and you are wrong. http://en.wikipedia.org/wiki/Per_capita_income#Some_national_per_capita_income_levels
“Nope. I checked first and you are wrong.”
- I’m talking average Swedish versus average US WAGES.
“In 2005 The median income for an individual age 25 or older in the labor force with earnings was $32,000”
http://en.wikipedia.org/wiki/Usa#Income
The average wage, individuals BELOW the age of 25 INCLUDED, was around $39 000-40 000 in Sweden in the year of 2005.
The US GDP/capita at PPP (Purchasing Power Parity) is greater than that of Sweden, while the nominal GDP is about the same.
I claim the GDP by PPP/Capita measurement is an inadequate way of comparing US prosperity to Swedish wealth as this instrument doesn’t acknowledge the fact that Swedes get a lot of things for free that US citizens do not in the area of education, child care, health care and social security in general.
Anyone that has been to both Sweden and the US would probably admit the standard of living is very much the same.
The standard of living in Sweden is clearly higher than most other parts of Europe.
True. Try to buy a three bedroom 2000 sq ft home on an acre with an inground pool in Luxemborg or Sweden and see how much it costs in terms of after tax pay.