Some Americans call us ‘Europoor’ - but there are seven ways we’re exceedingly rich | Emma Beddington
Our US friends may pity Europeans for our low salaries, high taxes and dependence on public transport – but they’re forgetting the really important stuff … I’m sorry to break this to you, but you may be “Europoor”. This is, apparently, what proud American patriots (the kind who describe themselves in those terms on their flag-forward X profiles anyway) are calling us Europeans , mocking us for…
Some Americans refer to Europeans as "Europoor," but there are seven key ways in which Europeans are actually quite wealthy. US friends might pity Europeans for low salaries, high taxes, and heavy reliance on public transport, but they are overlooking some important aspects. According to a GB news presenter, this mocking of Europeans is "entirely accurate." However, the reality may not be as grim as it seems.
The US post-pandemic GDP growth is more than double that of the eurozone, at 15.6% compared to 7.2%. The UK fares even worse, with a growth rate of 6.3%. When wages are adjusted for the cost of living, including housing, food, and services, the US average stands at $86,977, while the UK, Germany, and France are lower at $66,299, $76,286, and $60,483 respectively, according to the OECD.
A Sunday Telegraph investigation revealed that the US tech sector, fueled by AI, has experienced astronomical growth. This growth makes it relatively easy for people to earn and make significant money in the US, with fewer restrictions and taxes compared to "old world" regulations. Brent Buchanan, a Republican pollster, stated that the US does not want to resemble the current state of Europe.
Written by urgent.news from Guardian Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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