Andrespetmonkey said:
You have to take cost of living into account, but you're right, not all of europe, just scandinavia and most of western europe. |
These figures apparently take into account the relative cost of living and the inflation rates of the countries but are still misleading as America's large pecentage of billionaires and multi-millionaires cover those on a small income.
There was a more "reliable" statistic that was published in the FT (I can't find the article online) that did indeed show that Western Europeans on average earn more than Americans.
The FT article's aim was to point out that the wealth of countries in Western and Northern Europe is more evenly spread than in the US.
