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0 pointsrayiner7y ago0 comments

It's not all that comparable. U.S. GDP per capita is $60,000. France is $43,500 (PPP). (In terms of GDP per capita, the U.S. is richer than France by about the same ratio as France is richer than Lithuania or Estonia.) Average net financial wealth per household is almost 3x higher in the U.S. than in France, and 2x higher than the OECD average.

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4 comments · 3 top-level

paulddraper7y ago· 1 in thread

Here we go again, using means for extremely skewed distributions :/

OECD reports median household disposable income as $31,100 in France and as $30,600 in the U.S. [1]

That's far more relevant than per capita GDP, if you're looking at the typical experience for the typical person.

[1] http://www.oecdbetterlifeindex.org/countries/france/

likpok7y ago

The number you’re quoting as the US is actually the average across the oecd. The US is 50% higher

“In the United States, the average household net-adjusted disposable income per capita is USD 44 049 a year”

In addition the website says average, and doesn’t describe whether it means a mean or a median.

Tepix7y ago

What's net financial wealth? 40% of U.S. adults don't have enough savings to cover a mere $400 emergency.

umanwizard7y ago

Western and Northern Europe are the most developed part of the world. I didn't say they were the richest in absolute dollar terms.

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