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If you compare average international incomes based on purchasing power parity, it is immediately apparent how far the United States has left everyone else behind. The difference to the old Europe is particularly shocking, where the income gap to the USA is likely to widen further in the coming years due to the recession. The geopolitical antagonists, China and Russia, are also being left in the dust by the USA. It can therefore be assumed that the USA will emerge from the impending recession in better shape than its rivals and allies alike. There will be no way around them when it comes to capital allocation, corporate investment or setting the international rules of the game in trade, no matter how strongly the BRICS countries join forces.
Currently, BRICS has no chance of standing against giant US. May be after 10 years when India's economy reaches to third place, BRICS may be stronger!
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That's realistic
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Haa 😲 like littery all
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Great. Now remove the spending on health insurance, education and retirement from disposable income and see where everyone stands.
Asian and European countries get less cash at the end of the month because we get deducted directly by the government for health, school and pension.
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Amazing!
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Thank you.
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Good job, Canada. You did better than one US state.
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That is a lot of disposable income, are you sure it is accurate?
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20 sats \ 1 reply \ @TomK OP 9 Aug
absolutely. you only realize that when you know both sides. In comparison to America, Europe has become more and more relegated in recent years, as Americans that I know who come to Europe for business or vacation tell me equally
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Americans have that much disposable income? Or income in general? Where are they gathering this data from, the top 1%?
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I doubt the accuracy. I don't see Asian countries there!
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0 sats \ 1 reply \ @anon 9 Aug
..no sources , no good.
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OECD. Wikipedia
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