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The graph isn't about absolute levels, but income distribution. The point I think they are trying to make is that higher total income countries tend to have a
by friday99 7y ago
The graph isn't about absolute levels, but income distribution. The point I think they are trying to make is that higher total income countries tend to have a more equal income distribution. The US doesn't fit that trend, though also some of the lower total income countries such as the Czech Republic have more equal distribution as well.
- marcoperaza 7y agoIt’s incredibly deceptive because not only is almost everyone in the US wealthier than their counterparts in the distribution in Europe, but they have much higher purchasing power due to much lower prices.
- dblotsky 7y agoBut they might also spend more of that money on things that are free in Europe.
- ModernMech 7y agoDo we though? I spend most of my income on rent, healthcare, and student loans. I don't buy much because at the end of the day there's not much left over.
- cpmsmith 7y agoThat's what the X axis is for.
- sjg007 7y agoMost expenses are housing and health care.