Most of the rest of the world disagree too probably
While many may disagree, a lot of the G7 countries in the world are experiencing worst inflation and a spike in joblessness. Their post COVID turnaround was not as smooth as ours.
People will always complains on their direct impacts but for others they need be loving this market/economy
People don’t care what “the” economy looks like. They care what “their” economy looks like. By the metrics that “the” economy is measured by, it looks good. By the metrics that most Americans measure “their” economy by, it looks bad.
Sure, if you don’t look at the countries where their tax dollars cover education, healthcare, paid leave, paid vacation…
For those people that feel the US economy is not the envy of the world, where do they think the economy is better?
The median household income of Mississippi, which most reddit users widely consider America’s worst state is $46K +/- a few thousand depending on your source.
The median income of Spain, adjusted for PPP is $28K.
And it’s not just a money thing. Mississippi’s higher education attainment rate: 44% plus or minus a percent on the source.
Sweden: 35% +/- five percent depending on how you treat their 2-year programs.
20% of Mississippians live below the federal poverty line, which is roughly 25,860 for a family of four. According to the Europe Commission, 20% would put Mississippi solidly around median in Europe. Depending on the differing standards of PPP, it’d make them ranked in front of Portugal, Spain, Italy, and most of Eastern Europe but solidly behind Germany, France and the U.K.
Mississippi’s rank there would not be because the federal poverty line is particularly low, making Mississippi look better than it is. For example in France’s poorest region the federal poverty line would be essentially the region’s median income (even accounting for wealth transfers by the state). [Or so says the French government](https://www.insee.fr/en/statistiques/7629108?geo=BV2022-39368). i.e., a median post-tax income of 25,060 Euros, or 27,000ish dollars.
The uncomfortable fact is that outside America, there’s not a real good grasp on how much money American households possess. Since Americans also know the world ends at the American border, even most Americans don’t understand the wealth and education disparity.
The fact is “most” of Europe, as far as American definitions go, is mostly undereducated and poor when compared to the US.
Dear world, DO NOT MODEL THE US ECONOMY!
It was built on imperialism and the Triffin Dilema from the Cold War, as well as coqunering of Indigenous lands for further enslavement of Africans 3-4 centuries ago. Most of the younger genration can’t move out of their parents house, let alone consider renting anymore. Most of it is “bullshit jobs”- advertising, data cleaning, grey-area MLMs, and scams.
There’s so much junk and waste piling up and it makes me sick I’m powerless atm to do anything to redistribute it all. Here in the First World, it’s a lonley existance. We envy the “embrace of community.” Here, it’s just work, buy, or GTFO.
r/economy must clearly be unreliable with all the stupid posts here
Many Americans think the earth is flat also.
He’s not wrong. The rest of the world is a mess too. They’ve been doing the same trickle down B.S. we have but they’ve got less money to go around so it did more damage.
The exception is a handful of Nordic countries that didn’t fall for trickle down and didn’t have the US Military Industrial Complex bring them any “freedom”.
The President and his entire staff are completely tone deaf to the actual state of the economy.
You can’t keep voting against your own economic interest decade after decade and then complain the economics you voted for are bad.
That’s because americans are spoiled sadly. They will not know how easy they live life until the worse happens
Short answer: Most Americans are wrong. They are spoiled rich idiots, who have no idea how good they have it.
Long answer: Undo the Trump tax “cuts”, which were actually a tax RAISE on the middle class. See if that changes the perception.
14 comments
Most of the rest of the world disagree too probably
While many may disagree, a lot of the G7 countries in the world are experiencing worst inflation and a spike in joblessness. Their post COVID turnaround was not as smooth as ours.
People will always complains on their direct impacts but for others they need be loving this market/economy
People don’t care what “the” economy looks like. They care what “their” economy looks like. By the metrics that “the” economy is measured by, it looks good. By the metrics that most Americans measure “their” economy by, it looks bad.
Sure, if you don’t look at the countries where their tax dollars cover education, healthcare, paid leave, paid vacation…
For those people that feel the US economy is not the envy of the world, where do they think the economy is better?
The median household income of Mississippi, which most reddit users widely consider America’s worst state is $46K +/- a few thousand depending on your source.
The median income of Spain, adjusted for PPP is $28K.
And it’s not just a money thing. Mississippi’s higher education attainment rate: 44% plus or minus a percent on the source.
Sweden: 35% +/- five percent depending on how you treat their 2-year programs.
20% of Mississippians live below the federal poverty line, which is roughly 25,860 for a family of four. According to the Europe Commission, 20% would put Mississippi solidly around median in Europe. Depending on the differing standards of PPP, it’d make them ranked in front of Portugal, Spain, Italy, and most of Eastern Europe but solidly behind Germany, France and the U.K.
Mississippi’s rank there would not be because the federal poverty line is particularly low, making Mississippi look better than it is. For example in France’s poorest region the federal poverty line would be essentially the region’s median income (even accounting for wealth transfers by the state). [Or so says the French government](https://www.insee.fr/en/statistiques/7629108?geo=BV2022-39368). i.e., a median post-tax income of 25,060 Euros, or 27,000ish dollars.
The uncomfortable fact is that outside America, there’s not a real good grasp on how much money American households possess. Since Americans also know the world ends at the American border, even most Americans don’t understand the wealth and education disparity.
[https://www.pewresearch.org/short-reads/2017/06/05/through-an-american-lens-western-europes-middle-classes-appear-smaller/](https://www.pewresearch.org/short-reads/2017/06/05/through-an-american-lens-western-europes-middle-classes-appear-smaller/)
The fact is “most” of Europe, as far as American definitions go, is mostly undereducated and poor when compared to the US.
Dear world, DO NOT MODEL THE US ECONOMY!
It was built on imperialism and the Triffin Dilema from the Cold War, as well as coqunering of Indigenous lands for further enslavement of Africans 3-4 centuries ago. Most of the younger genration can’t move out of their parents house, let alone consider renting anymore. Most of it is “bullshit jobs”- advertising, data cleaning, grey-area MLMs, and scams.
There’s so much junk and waste piling up and it makes me sick I’m powerless atm to do anything to redistribute it all. Here in the First World, it’s a lonley existance. We envy the “embrace of community.” Here, it’s just work, buy, or GTFO.
r/economy must clearly be unreliable with all the stupid posts here
Many Americans think the earth is flat also.
He’s not wrong. The rest of the world is a mess too. They’ve been doing the same trickle down B.S. we have but they’ve got less money to go around so it did more damage.
The exception is a handful of Nordic countries that didn’t fall for trickle down and didn’t have the US Military Industrial Complex bring them any “freedom”.
The President and his entire staff are completely tone deaf to the actual state of the economy.
You can’t keep voting against your own economic interest decade after decade and then complain the economics you voted for are bad.
That’s because americans are spoiled sadly. They will not know how easy they live life until the worse happens
Short answer: Most Americans are wrong. They are spoiled rich idiots, who have no idea how good they have it.
Long answer: Undo the Trump tax “cuts”, which were actually a tax RAISE on the middle class. See if that changes the perception.