Standard of living in UK better than in USAHow do you define standard of living other than by the amount and quality of the goods and services you buy and the amount of free time you have to enjoy them? Being a millionaire wouldn't be so good if it cost you $100,000 for a typical dinner.
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However the average British person may not feel richer than their US cousins as goods and services there are often vastly cheaper. So, despite earning less, the average American can buy more.
Because journalism no longer requires an understanding of economics or math.
Let’s compare the “actual” standards of living. Average home sizes and luxuries, cars, amenities, actual health CARE, etc.
I think this is a self serving feel good piece for the Brits. But whatever makes them feel good is fine with me.
Maybe some of our liberal entertainment elites will buy into this and move over to Europe.
Exactly. It is called PPP. Purchasing power parity.
538,330.09 dollars for this
Apparently free healthcare was weighted very heavily in this study.
This article is absolutely a lie.
My husband is English by birth. His daughter, mother and sister still live in England and we go over twice a year. The level of taxation (in one way or another) is about 60% and climbing. Everything costs more. We have friends who come to Delaware just so they can get clothing for 66% less than what it costs in the UK.
Also, mostly all our friends pay for private Health Insurance. Other than preventive care, they feel it is necessary to go private for any kind of REAL health issue.
Everyone should remember that there is no free lunch.
Cheers,
Donna
When did free health care and longer vacations become a test of the standard of living?
There are two ways of measuring GDP for comparison. The fair way is to measure by “purchasing power.” This article uses the other way — measures it in pounds, which is obviously skewed by the relative strength of the pound to the dollar right now.
Who are you to point out the inconsistencies?
The US has more people immigrate here than any other place; that should tell you a lot about the standard of living here.
Not with a declining dollar, we can't
Puts me in mind of a quote from a famous Brit...
There are three kinds of lies: lies, damned lies, and statistics.
Benjamin Disraeli