However, what ought to interest us is what money actually can BUY in the US compared to Sweden.
I claim the best way of deciding whether Swedes or Americans enjoy the highest standard of living here on Earth is reached by traveling around vastly in both of these countries and forming an impression of your own.
Living cost are much higher in the Sweden than in the USA. Even with the lower US$, American pay a much lower percentage of their paycheck for things like food and housing. When I travel to Sweden and Denmark I can't believe how high the prices are for hotels and restaurants. Also, things like liquor and petro prices are incredible.
And, further to the standard of living, the weather in Sweden is awful, except for about two months of summer (if you have a really good summer!)
There is a reason why more Swedes live outside Sweden than actually live in Sweden. If you subtract Muslim and Eastern European immigration, there is actually a net loss each year to people leaving Sweden to live in other countries.