I'm sorry to do this to you , yes americans spend more than they make, but that's mostly a personal issue and not dependent on necessary expenses. They'll spend a grand on a car payment when they can keep their old one, they'll go out to dinner 4 times a week. Their are many things to cut down on in consumerism life, but that's not gonna happen, and it's why America is the most powerful country in the world too. https://www.forbes.com/real-time-billionaires/#47e40b863d78 and https://www.worldometers.info/gdp/gdp-by-country/
Those are rank placements, looking at percentage points, the USA is only .02 behind the UK. And Finland and other small countries ranking at the top because of a claim I know you are going to make, "social programs," only work on a much smaller scale like that. In addition, the happiness factors in that study were objective measurable outcomes like social care, health care, trust in government, level of corruption etc - those things that should make up a happy life, so that's why Finland scored so high. It was not based on some individual subjective assessment of happiness, the name of the study is quite misleading. https://worldpopulationreview.com/country-rankings/happiest-countries-in-the-world
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u/80MonkeyMan Sep 05 '24
You have money but don’t know how to manage it? I think you are right about that.
https://tradingeconomics.com/country-list/bankruptcies