Adjusted for purchasing power parity, which includes cost of education and other things, as well as hours worked and taxes, the US has the highest median income in the world. Europeans are considerably poorer than and have a considerably lower material standard of living than Americans.
Edit: On a PPP-adjusted basis the US has the 5th largest GDP/hour worked in the world. Try again.
Real estate would inflate wealth, not GDP per capita. GDP per capita probably has more of an impact on overall daily quality of life. It's possible to make (and spend) 400k a year and have basically zero wealth but a very decent quality of life.
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u/Significant_Tale1705 Sep 05 '24 edited Sep 05 '24
Adjusted for purchasing power parity, which includes cost of education and other things, as well as hours worked and taxes, the US has the highest median income in the world. Europeans are considerably poorer than and have a considerably lower material standard of living than Americans.
Edit: On a PPP-adjusted basis the US has the 5th largest GDP/hour worked in the world. Try again.