Date registered: Sep 2004
Vehicle: 1985 500SEC, 1991 190E 2.6.
Location: Los Angeles / Hannover Germany
Mentioned: 11 Post(s)
Quoted: 936 Post(s)
The US has not been the biggest and richest kd in a long time. World wide it ranks around tenth place. Have you looked at the US deficit lately? If we would run our businesses in a like manner, we would be in jail. Re. GDP the US is fourth in the World, but ranks only 92nd in distribution of wealth. And while the US has the most expensive medical system in the World, it only ranks 37th as to its quality (WHO). Standard of living in the United States
From Wikipedia, the free encyclopedia
The standard of living in the United States is one of the highest in the world by almost any measure. Average income per person is high but also less evenly distributed than in most other developed countries; as a result, the United States fares particularly well in measures of average material well being that do not place weight on equality aspects.
On comprehensive measures such as the UN Human Development Index the United States is always in the top ten, currently ranking number ten, though generally ranked lower than the Scandinavian countries, Ireland, Belgium, Canada, Australia, and (until recently) Japan; Canada and Norway have alternately held the top spot for some time. On the Human Poverty Index the US is ranked worst among the selection of 17 wealthiest countries, scoring bad on all counts but long term unemployment.
While the United States' mean wealth is one of the highest of any major country most of the wealth in the United States is held by the upper middle and upper class. The median income is $43,318 per household. However, there is an unequal income distribution.
The United States has more people below the defined poverty line than 26 other countries; however, the measures used to establish a poverty line are controversial and may not always be comparable among countries. What is clear, however, is that the United States has the widest rich-poor gap of any high-income nation today, and that gap continues to grow. The ten percent of Americans with the highest incomes earn 15 times more than the bottom ten percent. In Japan, for instance, the ratio is only 4.2:1. While the exact reasons for this extent of economic disparity are complex, some analysts and critics regard the imbalance as a product of the United States' long policy of having more of a free market economy, while other countries have enacted policies which may sacrifice net wealth in favor of economic equality. In recent times, some prominent economists including Alan Greenspan have warned that the widening rich-poor gap in the U.S. population is a problem that could undermine and destabilize the country's economy and standard of living.