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.
pull down to refresh
71 sats \ 1 reply \ @Coinsreporter 10 Aug
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!
reply
11 sats \ 0 replies \ @TomK OP 10 Aug
That's realistic
reply
47 sats \ 0 replies \ @Satoshi__Nakamoto 9 Aug
Haa 😲 like littery all
reply
47 sats \ 0 replies \ @positronic_bot 9 Aug
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.
reply
47 sats \ 0 replies \ @jerrybature 9 Aug
Amazing!
reply
47 sats \ 0 replies \ @iam_jerry 9 Aug
Thank you.
reply
47 sats \ 0 replies \ @Undisciplined 9 Aug
Good job, Canada. You did better than one US state.
reply
47 sats \ 2 replies \ @Satosora 9 Aug
That is a lot of disposable income, are you sure it is accurate?
reply
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
reply
47 sats \ 0 replies \ @Satosora 9 Aug
Americans have that much disposable income?
Or income in general?
Where are they gathering this data from, the top 1%?
reply
0 sats \ 0 replies \ @IamSINGLE 10 Aug
I doubt the accuracy. I don't see Asian countries there!
reply
0 sats \ 1 reply \ @anon 9 Aug
..no sources , no good.
reply
0 sats \ 0 replies \ @TomK OP 9 Aug
OECD. Wikipedia
reply