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re: New numbers out: avg American worker has *75%* more disposable income than avg Brit
Posted on 8/10/24 at 2:57 pm to HailHailtoMichigan!
Posted on 8/10/24 at 2:57 pm to HailHailtoMichigan!
quote:
• They pay lower taxes
• They work more hours
0
Posted on 8/10/24 at 3:03 pm to HailHailtoMichigan!
lol Europoors
Europe beats America in a lot of ways, but financially it’s not even close
Europe beats America in a lot of ways, but financially it’s not even close
This post was edited on 8/10/24 at 3:04 pm
Posted on 8/10/24 at 3:25 pm to calcotron
quote:Actually, this is not necessarlly the norm these days. Almost half of US adults are single and is trending up sharply, the percentage of US adults who never get married keeps going up, etc., etc. One generalization doesn't deserve another.
Especially dual income before kids, which is the norm these days.
One could say, well, American's have the opportunity for dual incomes and set themselves up for a secure future, but that's not where we are heading.
Posted on 8/10/24 at 3:32 pm to RollTide1987
quote:
The average American has absolutely no idea how good they have it
I have friend and counterpart in a major western European nation. His boss told me never to talk money with him. Come to find out, as a senior manager / VP type he is making mid-five figures, shares a VW hatchback with his wife, and lives in a two bedroom apartment.
When we got bought out I really tried to tell him to come over here, that he could be making triple and eating at Supper Club every week and he didn't believe me.
Posted on 8/10/24 at 3:35 pm to HailHailtoMichigan!
The consequences of a nanny state.
Posted on 8/10/24 at 3:40 pm to chrome_daddy
quote:
Actually, this is not necessarlly the norm these days
You're right, marriage isn't the norm, at least in people's 20s like it used to be vs. 30s or later which maybe is the average age people get married now. I don't know. Still, the people I know with the most liquid assets are single with no kids. You just aren't trying or didn't try early enough, or ran into things out of your control, if you haven't saved up a ton of money at 40 and have been single with no kids.
Posted on 8/10/24 at 3:41 pm to HailHailtoMichigan!
quote:
Honestly if it wasn’t for London, the country would be basically on par with a typical Eastern European nation in terms of wealth. The northern part of the country, from what our group personally saw, looked like a basket case.
This isn’t quite true. I spend a lot of time over there in the Midlands mostly. But I’ve been all over England; I have grandchildren and a daughter there. Plus I’m three weeks from Completing (Closing) on a house there. They are certainly poorer than Americans, but it’s not a dump.
The taxes they pay are appalling. On top of everything else, they have a Value Added Tax, which is basically a tax on everything.
Posted on 8/10/24 at 3:42 pm to HailHailtoMichigan!
Now we know why that little girl was complaining about the price of ice cream.
Posted on 8/10/24 at 3:42 pm to MikeyFL
quote:
The US is far more difficult if a young person has no family wealth to rely upon. That person will have to rent instead of owning their own home, likely have loan debts, and have to focus on applying for corporate jobs that offer full medical insurance, rather than starting their own business.
None of this is true.
The difference between this person and the Brit is that those who are smart with their disposable income can easily attain all the things you mention, while those who waste it on conveniences that don’t improve their circumstances will wish they had their income taken from them in taxes before it hit their hands to provide for things they weren’t savvy enough to obtain in the first place.
Posted on 8/10/24 at 3:44 pm to HailHailtoMichigan!
The UK is a legit poor country with a single massive financial hub
Posted on 8/10/24 at 4:29 pm to el Gaucho
quote:
A million dollars is like $400 in the 90s
It is comments like this that take away from the completely legitimate post you made.
Posted on 8/10/24 at 4:35 pm to jscrims
I've lived in some statistically poor, dangerous cities in the USA and I don't think I've ever been appalled by a city like I was with Manchester in the dead of winter...it was terrible
Posted on 8/10/24 at 5:41 pm to HailHailtoMichigan!
America is headed the way of Europe. Everyone will be complacent with poverty as long as they have a cold one in their hand.
This post was edited on 8/10/24 at 5:47 pm
Posted on 8/10/24 at 6:01 pm to HailHailtoMichigan!
This is why our forefathers kicked their limey asses a couple hundred years ago. What a bunch of losers.
This post was edited on 8/10/24 at 6:02 pm
Posted on 8/10/24 at 6:05 pm to HailHailtoMichigan!
'Merica!
We bitch and complain a lot, but we really do have it good here.
We bitch and complain a lot, but we really do have it good here.
Posted on 8/10/24 at 6:18 pm to HailHailtoMichigan!
The average brit is a muslim
Posted on 8/10/24 at 6:52 pm to HailHailtoMichigan!
I am friends with a Scottish couple that used to live here and they loved it. Lived in an expensive 3 bedroom apartment in Lafayette. Both drove BMW 7 Series. Always going on weekend trips. They said gas was extremely cheap here and at the time it was well over $3/gallon
Posted on 8/10/24 at 7:07 pm to RogerTheShrubber
UK has zero HEBs and zero SEC championships.
Posted on 8/11/24 at 5:29 am to cheobode
Petrol is definitely a massive everyday expense with a big price difference. I'm paying around $9 a gallon at the moment, however interesting if I compared today vs 15-20 years ago a lot of Brits think the US is a lot more expensive than it was. The exchange rate plummeting is undoubtedly a big part of that, I know people who used to go to NYC to do all their Christmas shopping and it worked out cheaper than doing it in England.
I wouldn't pretend that every part of the UK is beautiful, but you couldn't say that about America either so it's kind of a moot point, but I would say in my experience there is more to do in the US average city vs UK.
Quite curious about the "works more hours" comment about the US, undoubtedly work life balance is more important in Europe.
VAT is basically a sales tax, most people can't understand why American stores aren't the price that are on the shelves, I still can't figure out why your sales tax isn't just included in your pricing.
I wouldn't pretend that every part of the UK is beautiful, but you couldn't say that about America either so it's kind of a moot point, but I would say in my experience there is more to do in the US average city vs UK.
Quite curious about the "works more hours" comment about the US, undoubtedly work life balance is more important in Europe.
VAT is basically a sales tax, most people can't understand why American stores aren't the price that are on the shelves, I still can't figure out why your sales tax isn't just included in your pricing.
Posted on 8/11/24 at 6:46 am to HailHailtoMichigan!
quote:The north is where the industry was. Just as industry in the U.S. left the Midwest and made cities look like Detroit, the same thing happened to the north of England. They still resent their government for it up north. There is a huge north/south divide in England.
The northern part of the country, from what our group personally saw, looked like a basket case.
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