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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDo Americans Know What a Massive Ripoff American Life Really Is?
Sorry if this was posted before. Should be required reading, imo.
https://eand.co/do-americans-know-what-a-massive-ripoff-american-life-really-is-8804aa6b65fa
Ive recently moved to the States shudder for a year or two. And Im shocked at how expensive just life is. For no good reason at all.
When I put my economist hat on, a fact becomes clear to me. American life is a gigantic rip-off, one of the worlds biggest, and thats why America is now effectively a country of poor people, and that makes it a nation of angry, cruel, and selfish ones, too.
But Im getting ahead of myself. Let me start over. American life is the biggest ripoff in the world. Or at least one of the biggest, in the top five, certainly. Just existing. It costs way, way more than it should. So much so that America cannot ever move forward as a society. So, trapped in a cycle, which economists call a poverty trap, Americans now stay poor.
Americans dont quite get this, though. Why would they? Theyve never lived anywhere else. So let me give you a few examples which, especially if youre American, might be illuminating. Well begin with basic bills, and then zoom out from there.
Response to FSogol (Original post)
snowybirdie This message was self-deleted by its author.
FSogol
(45,360 posts)It is an article on why the system is ripping off Americans and why everyone is getting poorer. Since you post on a Democratic group, you agree with the article's premise. Why the knee jerk reaction?
BannonsLiver
(16,162 posts)Just play this on a loop and keep pretending.
FSogol
(45,360 posts)Missn-Hitch
(1,383 posts)Torture.
heckles65
(544 posts)how I hate that song.
And I LIKE some patriotic songs, from "The Battle Hymn of the Republic" to "Coming to America. But I HATE that one.
localroger
(3,605 posts)It was created to pander to MAGAts before MAGAts became a thing. Every line is dripping with superiority complex and an implied contrast to those other inferior places and the other inferior people who aren't "proud to be an American," maybe because they are a bit miffed off at some of the other things the song doesn't mention about America, like the economics outlined in the OP, all the kids getting shot by police, and so forth.
Totally Tunsie
(10,885 posts)StClone
(11,679 posts)F'n loser. Get out of here Lee if that IS your real name comrade.
Grins
(7,134 posts)Oh wait .
alittlelark
(18,886 posts)I was programmed to.............................................
NullTuples
(6,017 posts)Aristus
(66,096 posts)The paralyzingly stupid 'love-it-or-leave-it' mentality. How about we love it and do something to fix it? Or is that more difficult than shooting the messenger?..
vishnura
(247 posts)and of course the arrogance that there is no where better on the planet
soldierant
(6,648 posts)For centuries, rulers did just that - shot (or otherwise killed) the messenger. Somehow the human race managed to survive - but surely not as well or in as good condition as it would have been had killing the messinger not been SOP.
róisín_dubh
(11,784 posts)Trust me when I say that I can't wait to get the hell out of here. Because I've spent the better part of the last 4 years in various Western European countries. And holy hell is my life much better and cheaper over there.
cinematicdiversions
(1,969 posts)Where exactly is it cheaper?
(And no I am not moving to rural Greece or Southern Italy....)
róisín_dubh
(11,784 posts)by train. No need for a car. My health fee in England is cheaper than the sorry excuse for health insurance I pay for (which I couldnt afford if I didnt have a job paying part of it). Its a flat overlooking a river in downtown.
When I lived in Frankfurt, a nice night out was cheaper than a decent night out where I live in Morgantown WV. My rent was also cheaper for a nicer place.
$1500 in Madrid goes way further than it does here.
So
yeah.
Bernardo de La Paz
(48,789 posts)KPN
(15,587 posts)No wonder the middle and working class keep losing ground the past 4-plus decades. This attitude/demeanor specifically. Geesh!
Response to snowybirdie (Reply #1)
Celerity This message was self-deleted by its author.
Response to Celerity (Reply #60)
Prof. Toru Tanaka This message was self-deleted by its author.
DSandra
(999 posts)Ive looked into leaving this country since 2011. Other countries are scared of immigrants that are a drain to public services, so you have to either be rich and invest in a business, buy property, be sponsored by a local business, have a skill thats in demand by their society (usually STEM fields), have guaranteed income (like a pension), or marry with someone in the country to gain residency. Simply leaving this country is not an option for the majority of Americans.
Ferrets are Cool
(21,063 posts)NQAS
(10,749 posts)Or are you earning over $100,000?
If you havent read it, take the time to do so.
If youre earning over $100,000, great. Many of your fellow citizens are not. And theyre suffering.
Everything in the article is true.
Broadband.
Cable bill or streaming subscriptions.
Credit card interest rates. Hell, the USG charges 18% on installment plans.
Good prices dont go down. And most financially challenged people buy highly processed or mass produced food products, most hardly deserving to be called food.
Gas prices mostly obscene.
Health care costs astronomical and so opaque thst you never know what youre paying for snd dont have the knowledge or energy to argue with the insurance company or provider.
Education. Should college education be so expensive? Does it make sense to leave college or further professional schooling with 6-figure debt?
$15 per hour. That cones to $31,200 per year. The article focuses on a salary of $35,000 per year, and thats not liveable. BTW, the federal minimum wage is $7.25 per hour. Thats $15,000 per year. Do the math
Rental costs? Most large metropolitan areas are out of the range of all but the wealthiest people. Moving out is not necessarily a solution as jobs may mot be available or you add on commuting time and costs.
And there is no respite. Many people make decisions between food and medicine. Between renting or couch surfing or moving in with parents or renting with friends.
Social safety net vs big business. Think about what it says about a country - ours - where the decisions always - repeat, always - favor the latter.
And if you think this is drivel, thats terrifying. No empathy. No awareness of the daily realities of probably half the American population. No awareness of life in other rich countries. And resorting to love it or leave it is fantastically offensive.
tenderfoot
(8,424 posts)so why are you on DU?
chia
(2,235 posts)"Sadly, Americans still believe, more or less, whole-heartedly in the very systems and institutions which rip them off and laugh all the way to the bank the average American still wont support public systems and institutions like healthcare or media or education, and will choose the weird, idiotic system of private monopolies and billionaires over it, the very one which keeps them poor every time"
Mysterian
(4,524 posts)The price is lower in Germany and food is better quality.
PatSeg
(46,804 posts)Our "toys" have gotten much cheaper, but to actually LIVE has gotten much more expensive, especially housing, food, healthcare, and the cost and maintenance of a car. I can actually remember when my rent was 1/4 or less of my take home income and utility bills were basically insignificant. Today families with two fulltime incomes often are struggling to keep their heads above water and it doesn't seem to be getting any better.
appalachiablue
(41,056 posts)CrispyQ
(36,231 posts)I read that in an article a few years ago. It talked about how Americans have new houses full of new furniture, new cars & new electronics, but all of it is on credit & we have little or no equity or savings. I worked a part-time union job & afforded my own apartment when I was 20, while going to college part-time. But they killed the unions, then they shipped jobs overseas, then they turned our college kids into profit centers, & when wages stalled out, they made easy credit available to make up for it. And we fell right into the trap. It's seriously fucked up.
PatSeg
(46,804 posts)I've run across ads from around 1950 for televisions for $500 or more. The average salary at that time was $3,300 a year and minimum wage was only $.75, so a $500 appliance was a bloody fortune. Oh and most households were living off of one income. Today, TVs are cheap, but food, medicine, college tuition, and housing are barely affordable for those who consider themselves middle class. No one told them they are actually poor.
Yeah definitely, "Trinket rich, but equity poor" and it IS seriously fucked up.
leighbythesea2
(1,200 posts)Accurate. Sounds like a good article!. A part of consumer goods got really cheap. But it's equally worth-nothing.
Remember reading "The Millionaire Next Door" years ago and the top occupation of self-made (and generally very frugal) millionaires was Auctioneer. Why. They figured they understood all the cr-p people buy isnt worth pennies when bankruptcy and liquidation hits. Furniture is the worst (unless desirable antiques, and that shifts too).
I think about this every time I drive by a Home Goods. I know people with marginalized incomes, like 35k a year that call the place "therapy". Add too many sq ft in a house or apt, and now you have 1500-2500 sq ft of nothingness. Don't get me wrong, if you like Home Goods, sure. Just be moderate, and hopefully realize buying too much/cheap decor is like lighting money on fire. And apparel? And any new car?
I learned a lot from that book. The american dream has become a smoke and mirror prop for a large swath. And yep, as the OP article mentions, they/we defend it to our peril.
Evolve Dammit
(16,632 posts)uponit7771
(90,225 posts)thucythucy
(7,986 posts)Take cell phones. The "service" is, IMHO, outrageously expensive, but is now no longer the luxury it once was. It is now a necessity because:
landlines are constantly, incessantly, annoyingly spammed. Even though I'm on every no call list available, I still get ten to twenty calls a day from people either trying to sell me shit, wanting me to contribute to their cause (charities for police are a biggie) or are simply wanting to rip me off. So much so that I never answer my land line, ever, unless I know precisely who is calling and;
public pay phones are now non-existent. I don't think there's a working pay phone within ten miles of where I live. Probably more like fifteen or twenty. So what do you do if you're out in the world and have an emergency? You use your outrageously expensive cell.
Which are marketed to us as if their miraculous powers are the key to a happy life. Oh joy! I can buy shit on line where ever I am! I can take selfies or photos of the last crappy meal I ate and post it on a website that also tries to sell me shit or pushes right wing conspiracy garbage or leaves me vulnerable to identity theft or more offers of rip off. Not to mention: my boss can reach me where ever I am! O rapture!
And then there's all the "lawn maintenance" crap so many are into. My former neighbor, with a less than quarter acre plot, has a riding mower, a leaf blower, two weed whackers (one old, one new), and told me a few days ago he "needs" to buy a power washer to hose down his 1000 square foot house every year, which is the latest "keep up with the Jones's" scam sold to us by our corporate masters. And those who don't have the time to play with their own toys hire "lawn maintenance" firms to come by once a week and spew their petroleum for them.
As for the rest of it--I agree with everything you said, and yes, it's all getting worse.
If only we as a culture could get past all this "USA #1" bullshit. I've had people laugh in disbelief when I describe the way my German family lives, and everything they take for granted. The stance of so many Americans these days seems to be one of willful ignorance--as if the debunking of the delusion that we live "in the greatest country on earth" will strip them of the one remaining consolation getting them through their endless days of mind-numbing struggle.
Well, that was a rant! If you've come this far: thank you for your patience, and best wishes.
PatSeg
(46,804 posts)and I agree with everything you said.
It's funny, I was one of the first people to get a cell phone and I ended up selling them for a living for awhile. I loved the technology and looked forward to every new innovation. That was before the smartphones and now I hate them. I have a very simple cell phone now for emergencies, no bells and whistles, just smart enough to make phone calls and receive a text message if I forget a password. Even for that limited use, the service plan price is ridiculous. Like you, I never answer my home phone unless I know the caller and I only have one because our wireless service here is inconsistent and unreliable. Meanwhile, I have a PC and laptop, so a smartphone would just be redundant and unnecessary.
The thing I find most disturbing about smartphones is they are so addictive. I know people who won't even walk into the next room without their phone - I suppose they might miss something. Hey, I really do love technology, but in this case, I think what should have been an asset, for many people is a liability. The phones and their wide array of capabilities are actually quite impressive, but apparently so many of the people using them are not.
I love your description of your neighbor and his many toys. A lot of today's toys are quite cheap compared to years ago. In the early 1950s a nice television could cost you $500 and considering that the average family income with one working adult was $3300 a year, that was a huge expenditure. Last year I bought a 50" TV for $330, so compared to the 1950s, that is really cheap. Of course, in the fifties, I could have rented an apartment for under $100 and today it would be over $1000. A doctor's visit in the fifties would be $5 to $10 and a hospital stay was probably a lot less than that television. Today three or four days in the hospital would be tens of thousands of dollars. So basically we are toy-rich, but many people cannot actually afford the necessities of life - food, housing, utilities, and healthcare. They are often one disaster away from complete destitution, even homelessness.
Enjoyed your rant!
Lemon Lyman
(1,346 posts)thucythucy
(7,986 posts)Thanks for posting it here!
mahatmakanejeeves
(56,904 posts)Umair Haque is one of the world's leading thinkers. A member of the Thinkers50, the authoritative ranking of the globe's top management experts, he has published two books through Harvard Business Publishing, where he also authored Harvard Business Review's top blog for several years, on subjects including economics, leadership, innovation, finance, and careers. Umair has held senior positions in finance and strategy, and holds degrees from McGill University and London Business School.
A popular media figure, he has over two hundred thousand followers on Twitter, appears on every major global news network, has been published or cited in nearly every major newspaper in the world, publishes at Medium, HBR, and Twitter, and speaks regularly to audiences public and private across the world.
Umair lives in London and New York, where he enjoys good coffee, old books, and leather jackets. He is always happy to hear from fans and followers in person or via the internet, and you can always feel free to email him or say hi if you seem him in real life.
FSogol
(45,360 posts)middle class that is constantly finding their buying power decreasing.
maxsolomon
(32,992 posts)It seems a fairly uncontroversial thesis he's got here: Americans aren't aware of how a functioning Social Welfare state works.
Shanti Shanti Shanti
(12,047 posts)I lived overseas, try getting a license plate or buy a car, takes a month of govt office trips, with interpreter to get anything done
Same for housing, pay a year years bills up front with your owner/landlord and hope the water or power dont shut off, another month before they get around to fixing it.
Americans are so spoiled because life is so EASY!!!
Holy fuck, it doesnt get any more convenient to live, so whoop dee doo, food is high, check petrol prices around the world, double or triple here, and god forbid you need your vehicle worked on...
BannonsLiver
(16,162 posts)Way to narrow it down.
Were you listening to Lee Greenwood when you wrote the post?
Shanti Shanti Shanti
(12,047 posts)BannonsLiver
(16,162 posts)Johnny2X2X
(18,745 posts)And your main complaint is that their DMV is slow and complicated for foreign nationals who wish to drive there?
Just looking for context. I do realize getting a car and getting it registered in a lot of Asian countries is a bear. And that US DMVs do well with the use of technology. But I think what this thread is about is the general degradation of the lifestyles of working people in the United States.
We work longer hours for less money and benefits. Doesn't mean that technology hasn't made some things easier, just that most of us see how our parents and grandparents were able to live without working as hard or long as we do and see that things are worse now.
Shanti Shanti Shanti
(12,047 posts)Shanti Shanti Shanti
(12,047 posts)tenderfoot
(8,424 posts)eom
Shanti Shanti Shanti
(12,047 posts)Now Greek healthcare is OK, no trained EMS though, load and go if you're in a car wreck, when they get to you, bad traffic could take an hour or so.
Dentists are quite good, must have interpreter with you at all times. English not as widely practiced as many think.
tenderfoot
(8,424 posts)Are Western Europeans spoiled brats too? Canadians? Australians? Japanese?
Shanti Shanti Shanti
(12,047 posts)ShazzieB
(15,958 posts)RobinA
(9,878 posts)Unless you like battling groupthink. And a supposedly great thinker whose article sounds like it was written by a college kid.
Treefrog
(4,170 posts)TiberiusB
(484 posts)Bernardo de La Paz
(48,789 posts)Shanti Shanti Shanti
(12,047 posts)Whatever
grantcart
(53,061 posts)He uses wildly inaccurate anecdotal comparisons as social commentary.
For example he may pay $ 150 / month for cable but I pay a total of $ 70 for my phone and the streaming services I use.
More hilarious was his comparison on rent which makes you wonder where he lived. Using Google it took me 2 minutes to find an apple to apple comparison of cost of purchasing a sq meter of city housing space.
The cost of purchasing a square meter of housing is a fraction of other developed countries. Putting aside countries like Israel and S Korea where our costs are 20-30% of other cities the cost of US versus all other developed European countries was at 40%.
That was for city center. Costs for US suburban housing would show an even greater disparity to US advantage.
Poorly reasoned T the quality of writing was even worse.
Lived in many of the same places you did,
Sawadii Khrap
chia
(2,235 posts)"More hilarious was his comparison on rent which makes you wonder where he lived. Using Google it took me 2 minutes to find an apple to apple comparison of cost of purchasing a sq meter of city housing space.
The cost of purchasing a square meter of housing is a fraction of other developed countries. Putting aside countries like Israel and S Korea where our costs are 20-30% of other cities the cost of US versus all other developed European countries was at 40%."
Anecdotally: When I was renting a studio apartment five years ago it was $1200.00 a month to rent. People I know currently spend over 2K a month to rent a 2 bedroom apartment, 3K a month to rent a tract home large enough for their family.
Down payment on a first house is out of the question for most first-time homebuyers here.
grantcart
(53,061 posts)Be used as a metric ever.
The percent of home ownership in Europe is almost exactly the same as the US so a per metric comparison is the best apple to apple comparison of rates.
$ 1200 rent in Paris is likely to be a room with communal bathroom
grantcart
(53,061 posts)A 650 credit score wil get you something around 3%
And the mortgage rate 76th in the world.
chia
(2,235 posts)A good credit score won't make your house payment. Median house prices right now in San Diego county are running around 700K. How many first-time home buyers can afford a house like that? So they rent. If they have two kids, and need two or three bedrooms, you're talking over 2-3K to rent.
Equomba
(197 posts)And sensationalist drivel at that. One example, which sets the tone for the entire hit piece, is in the third paragraph...
"But I'm getting ahead of myself. Let me start over. American life is the biggest ripoff in the world. Or at least one of the biggest, in the top five."
So if we're not #1, WTF is? Are we 5th? If so, are we 1/2 the ripoff of the others? And why are WE the World's First Poor Rich Country?
"Heating, electricity, gas, water? These things can easily add up to $500 to $1000 dollars per month."
Really? I realize this is just one study, but per this article...
https://www.numbeo.com/cost-of-living/country_price_rankings?itemId=30
...the U.S. ranks #27 for monthly basic utilities (electricity, heating, cooling, water, garbage), coming in at $167/month.
And there is so much more beyond this. Whatever good points he might have about healthcare etc. are extremely diminished due to this.
wellst0nev0ter
(7,509 posts)Comparison against other international city data sources conducted by Ray Woodcock in 2017 suggested that Numbeo might be inaccurate on a city level, while on a country level it is more accurate.[10]
https://en.wikipedia.org/wiki/Numbeo
Equomba
(197 posts)which I did in the first place because of his following statement, which seemed rather extreme based on personal experience (emphasis mine)...
"Lets take utility bills. Theyre astronomical in America compared to the rest of the rich world, and even much of the rest of the world period. Heating, electricity, gas, water? These things can EASILY add up to $500 to $1000 dollars per month."
Following is the 2019 Average Monthly BillResidential, from the US Energy Information Administration, which shows that the average monthly bill is $115.49
https://www.eia.gov/electricity/sales_revenue_price/pdf/table5_a.pdf?kbid=118190
Per another link https://www.move.org/utility-bills-101/#Natural_gas the average cost of utilities per month for residences are as follows:
The average monthly electricity bill in the US is $114.44
The average monthly gas bill in the US is $63.34
The average American water bill is $70.93 per month.
This totals $248.71. A FAR cry from 'These things can EASILY add up to $500 to $1000 dollars per month." And keep in mind that the poor are probably paying less than the average cost of those where they live.
So yes, drivel indeed. And it permeates his article.
wellst0nev0ter
(7,509 posts)Equomba
(197 posts)If you're referring to the $ per state map, these numbers also include internet and streaming services. Take these out of the equation and only 10 states (two of which are Alaska and Hawaii) are above $265 for gas/electricity/water, with the lowest at $188 and the highest at $329.
Celerity
(42,672 posts)70% of millennials (and 54% of all Americans) are living paycheck to paycheck, more than any other generation
https://www.businessinsider.com/broke-millennials-living-paycheck-economic-crisis-savings-spending-survey-2021-6?r=US&IR=T
Millennials' wallets are rather skimpy. Seventy percent of the generation said they're living paycheck to paycheck, according to a survey by PYMNTS and LendingClub, which analyzed economic data and census-balanced surveys of over 28,000 Americans. It found that about 54% of Americans live paycheck to paycheck, but millennials had the biggest broke energy.
By contrast, 40% of baby boomers and seniors said they live paycheck to paycheck, the least of any generation. Living paycheck to paycheck reflects economic needs and wants just as much, if not more than, incomes or wealth levels, according to the report. Age and family status also factor in greatly. This explains why millennials, who turn ages 25 to 40 this year, are struggling.
"Millennials especially older ones are collectively at important stages of their lives," the report reads. "They may be starting families or taking on their first major purchases, such as homes and new vehicles, but they may also be less advanced in their careers than their older counterparts." It doesn't help that millennials have faced one economic challenge after another since the oldest of them graduated into the dismal job market of the 2008 financial crisis. A dozen years later, many are still grappling with the lingering effects of The Great Recession, struggling to build wealth while trying to afford soaring costs for things like housing and healthcare and shouldering the lion's share of America's student-loan debt.
The pandemic threw yet another wrench into their plans by giving them their second recession and second housing crisis before the age of 40. The report acknowledges that the pandemic played a major role in that stretched thin feeling. "Living paycheck to paycheck sometimes carries connotations of barely scraping by and of poverty," it states. "The reality of a paycheck-to-paycheck lifestyle in the United States today is much more complex, and the current economic environment has made it even more complicated."
snip
Old Crank
(3,377 posts)No examples you give have I seen. My wife and I got driver's licenses without problems. We didn't have to pay up front for a years worth of bills. Repairs are done quickly.
Is it more bureaucratic? yeas. But there are protections for both sides.
When new owners of our rental flat wanted to move in we had 6 months to find a new place, by law.
When I lives in Greece many years ago We had no problems like that either.
Response to Old Crank (Reply #74)
Old Crank This message was self-deleted by its author.
tenderfoot
(8,424 posts)Oh look at you!
Tell us how lucky we are in regard to affordable health care.
ShazzieB
(15,958 posts)Ding ding ding ding!
The obscene cost of health care in the U.S. alone is enough to make living here a ripoff.
Unless you absolutely never get sick or suffer an injury more serious than a skinned knee, never need to take any kind of prescription meds ever, and have 20/20 vision, perfect hearing, and flawless teeth that are impervious to decay, that is. (And even if all of that's true for you when you're 25, some or all of it WILL change if you live long enough.)
tenderfoot
(8,424 posts)eom
ShazzieB
(15,958 posts)Evolve Dammit
(16,632 posts)wellst0nev0ter
(7,509 posts)A haven for true Democrats?
Equomba
(197 posts)The article in the OP has TONS of holes in it. If you would like to argue against these please see either of my posts or I've got more if that's not enough. And I'm talking about FACTS, not emotion.
Of course, your post does not mention any specific posts and/or theme, so nothing more than an unsubstantiated passing remark at best. As far as Rand is concerned, I have to believe had you challenged her directly she would have responded.
I'm certainly not a fan, but I do have an affinity for the Richard Neutra creation, the former Von Sternberg house that she purchased in the 1940's. Unfortunately, but true to form, the house was demolished in 1972 to make way for a subdivision. What a huge waste of an incredible example of mid-century modern!
KPN
(15,587 posts)decades in fomenting the anger and hatred they've used to undermine governing for the good of all the people. Frankly, it's not unlike the radical right's attacks on Dr. Fauci the past 18 months or so.
Shanti Shanti Shanti
(12,047 posts)Old Crank
(3,377 posts)This needs to be said. I can quibble with some of the numbers for costs US v Europe. I live in Munich. rents there are closer to the US average. I don't know where he got the utility numbers for monthly power costs.
My US place is about $150 to PG+E for electric and gas (average for year) Of course water/sewer/garbage in another $120. Then there is the nebenkosten (our share of the apartment costs added tot he rent every month)
I do pay for my health insurance at a lower rate based on income. But there aren't any extra charges to show up for an appointment. Some small charges for some prescriptions. The medical in the US is a hot mess. Many people are hanging on to jobs in fear of being turned out before they hit 65 and Medicare age.
But it does lead to much more stress living in the US compared to Germany.
Joinfortmill
(14,247 posts)smirkymonkey
(63,221 posts)He is one of my favorite writers on that site.
JanMichael
(24,847 posts)Lots of people couldn't understand whar this article just pointed out.
We are not very aware of our situation compared to other countries
In fact a lot of times we relish in our poverty we think it's awesome.
Biophilic
(3,487 posts)to see it laid out so succinctly. Sometimes I just want to cry for my country. So much promise, so much wasted. I hate capitalism. Certainly the unfettered type we have in this country. Designed to screw everyone except the 1%. Makes me very, very angry. Especially since it seems so few of us understand or even care. It's not like it's a new phenomenon. It just seems to be getting worse and worse.
Hoyt
(54,770 posts)www.numbeo.com/cost-of-living/rankings_by_country.jsp
Admittedly, cost-of-living is hard to compare. And "happiness" is important too.
Johnny2X2X
(18,745 posts)It doesn't include many of the expenses the author in the Op is talking about. Health care, utilities, student loans, etc.
Hoyt
(54,770 posts)difficult to directly compare cost-of-living.
Healthcare is obviously a biggie, but is also included to some extent in cost-of-living.
RobinA
(9,878 posts)compares dollars to dollars which is totally ridiculous. And sparkling European TV? He shows his hand right there.
twodogsbarking
(9,308 posts)uponit7771
(90,225 posts)Bernardo de La Paz
(48,789 posts)uponit7771
(90,225 posts)Johnny2X2X
(18,745 posts)As someone who's gone from being in the working poor to upper middle class the last 10 years, I fully understand all of this.
Even making low 6 figures, I refinanced a home to finally get rid of the last of my credit card debt, and because it was silly to not do so with rates so low while getting rid of PMI too.
To not be poor, you need savings. Savings are what keeps you from having to charge things in an emergency, savings help a car repair just be an inconvenience rather than years of debt. Even now, I do not feel I have enough savings to truly crawl out of living hand to mouth. I want/need to have 6 months bills in savings to have some security, and even then we're all still just getting sick in the wrong way from the poor house.
tiredtoo
(2,949 posts)Been preaching this to my children for years. Best advice ever given. My dad always said "pay yourself first." (Savings). Don't recall the book i read this in but story talked about "The richest man in Babylon", saved 10 percent of every dime he earned etc.
Response to tiredtoo (Reply #36)
Chin music This message was self-deleted by its author.
Johnny2X2X
(18,745 posts)And have read a ton of investment and personal finance books. The problem is that there's the proverbial hump to get over so that every setback isn't something that dooms you to debt for years.
And it's incredibly hard, no matter how much your income is rising.
Although he's an asshole about a lot, Dave Ramsey has a few good points. The first step is to get $1000 cash into a savings account. That is you emergency fund and will be enough for 95% of small things happening that can force you into debt.
Like I said, I've been there. I was in a situation where I was earning very little and had my car break down and had no hope of fixing it so I could still make it to work. I would say it was a mistake, which it was, but going to a payday loan place allowed me to get my car on the road and maintain a job. That was very important, but that $600 I borrowed was paid back with so much interest that I paid $1500 back.
And "building credit" can also be a pitfall. People get these high fees and high interest rate credit cards to build credit with and next thing you know there's an emergency and instead of using it a little and paying it off every month, you've had to spend $1200 on it and now are stuck with this revolving debt for years.
The problem is once you've entered into a cycle of credit card debt, it's just incredibly hard to avoid the next big charge emergency because you're now paying cards instead of saving.
And all of this doesn't even mention the problem, the problem is that incomes in the US have been stagnant for 40 years. People no longer earn enough to live without going into debt, it's as simple as that. People today don't lack common sense, they don't lack work ethic, they lack fair wages. It's easy to preach common sense once your income allows you to live without going into debt. The reality is that I have the same values and work ethic now as I did 15 years ago when I was one of the working poor. I was able to add some skills that raised my income to a level where I can live without going into debt and where I can now have some real savings. Sure, I'm a little older and wiser, but I also know that my 15 years younger self as a hard worker and doing the best he could at the time.
Joinfortmill
(14,247 posts)RobinA
(9,878 posts)To not be poor you need income. My grandfather saved so that my grandmother would be comfortable, but you couldn't do that now.
Savings can be blown through and then there is no more. I have savings. I could put a down payment on a nice house. But I don't have the income to make payments, pay the taxes, and repair it. Plus income feeds social security and pension if you're lucky enough to still have one. Which I do because I went out and got a job that had a pension. I realized early on I could never save enough for retirement.
tiredtoo
(2,949 posts)But you have any income you can save. even poverty level income. We all have luxuries we buy it may be a coffee or soft drink, what ever it is just skip one and save the money. First your savings should be for emergencies. Once you have enough for emergencies you continue saving for retirement, vacations or whatever. Just don't blow through your emergency fund. If you have an emergency, replace the money asap.
Karma13612
(4,527 posts)Strata of people in this country who cant make their bills. They CANNOT save anything from month to month.
Your suggestions are absolutely correct, but as the pandemic showed, once people started getting payment checks which equaled more than their normal salary, THEN they were able to save some.
There is a tipping point between only having enuf to survive and actually having a few bucks to set aside.
tiredtoo
(2,949 posts)Do want to point out something here.
A facebook friend was posting how he could not afford health insurance and would go without it and pay the penalty. This came about after the "Obamacare" was first initiated. A few weeks later he was posting pictures of a new boat he had just purchased. He could afford the Insurance he just chose not to.
Anyone who cannot find a way to salt away a small amount of money each week/month will spend their lives paying excessive interest to credit card companies. They will die as they came into the world, naked.
Effete Snob
(8,387 posts)There aren't as many places in the US where it is practical not to have a car.
Automobiles are a huge financial suck.
Johnny2X2X
(18,745 posts)I've lived in cities with public transportation, it's a game changer not having to have a car.
Working from home the last 18 months has been a game changer for my car, I barely drive it and have no maintenance or gas bills.
3Hotdogs
(12,210 posts)they resent our democracy.
I learned that from George a few years ago.
Irish_Dem
(45,648 posts)Doesn't want the people of this country to have the same standard of living as other industrialized nations.
JudyM
(29,122 posts)Irish_Dem
(45,648 posts)betsuni
(25,138 posts)Why?
JudyM
(29,122 posts)Big difference with the overwhelming majority of other Dem Congress critters, organizations and voters.
dlk
(11,438 posts)We are the only country in the world where someone can go bankrupt if they get sick. We overpay for many of our services, such as cable and internet. A comprehensive list would be more than a little discouraging.
Casady1
(2,133 posts)That piece of shit hollowed out the middle class and big business moved all the real jobs overseas.
Joinfortmill
(14,247 posts)not fooled
(5,791 posts)evil old bastard.
[link:https://daughternumberthree.blogspot.com/2020/01/graphing-reagan.html|]
Mad_Machine76
(24,355 posts)And they only hear supposed "horror stories" (without citations and support of fact) about the evils of "socialism" in other first-world countries. If people REALLY knew what it was like elsewhere, it would be amazing if there is no massive revolt. But a lot of our leaders- including even a few Democrats like Manchin and Sinema- keep us ignorant and in perpetual fear of becoming "like Europe".
Calculating
(2,954 posts)$8+ gas prices, horribly hard to license and own a vehicle, massive taxes on everything etc.
Moostache
(9,895 posts)They bike, walk and use public transportation FAR more than Americans from the suburbs can even imagine.
Now, I did not have a chance to spend much time in rural areas of the UK, France and Belgium, but the people I met with and interacted with did not seem to believe having access to a car at every moment (to basically have it sit idle 90% of the day anyway) was such a great expenditure.
The high-speed rail I used to traverse through the area (from South of France near Lyon to Paris, from Paris to London and back to Paris, from Paris to Brussels) was convenient, prompt, clean and not really a sacrifice I would miss by not having an automobile.
Cost of ownership of a vehicle - TOTAL cost - is always understated by Americans.
Car Payment - $250 - $700 a month (and I don't know many who are on that lower end)
*now, some people, the VAST MINORITY, pay for vehicles up front and do not finance a depreciating liability (cars are NOT assets)...but that is exceedingly rare today and for purchasers of new cars ($40-65K), that is permanently out of reach.
Insurance - $75 - $200 a month (depending on a lot of factors, but mine is high without being outrageously outside norms)
Non-oil - tires, belts, wipers, brakes --> estimating here at about $1,200 a year overall, so add another $100 a month...
Oil - change oil every 5,000 miles (about 2-3 times a year at ~$100 a pop with newer cars = about $25 a month)
Gas - fluctuates but average this year is about $3 a gallon for me, using 12-15 gallons a week - $45 a week with any leisure use of the car, we're touching 2 bills a month, so another $200...
Totals - $450 / mo. loan, $125 / mo. insurance, maintenance (non-oil) $100 / mo., maintenance (oil) $25 / mo. and throw in $200 / mo. for gas. - puts me at around $900 a month or $10,800 annually to own a car...and that is a 2017 Honda Accord, not a Bentley or Benz.
$8 a gallon for gas that you don't buy or use is actually $0.00 a month for many Europeans (obviously not all).
Fearing "high taxes" is living in denial and fear and under the thumb of people who profit off of negative emotions and human misery. Americans are CONSTANTLY bombarded with images and stories to make them afraid, keep them afraid and never let them stop being afraid for one second a day. At its core - that permanent 'fight or flight' state of existence - whether monetary, political, religious or social - ensures that overall, the people of the US run NOTHING, but they are RUN BY the monied interests that control the economy, economic and tax policy and are quite satisfied with their current cut, unless they can scheme a way to get even more of the total still.
haele
(12,581 posts)Last edited Thu Sep 30, 2021, 06:21 PM - Edit history (1)
Low end of US gas prices. Not to mention there's more diesel vehicles in Europe, which doesn't require as much processing an is cheaper than gasoline, from what I remember.
It may be that there's places in the US where gas is that cheap. They also don't typically drive that far in Europe.
On edit, I'm assuming you're looking at what a European sees at the pump, they price by the liter, not by the gallon.
Haele
On edit, mea-culpa, I'm more than a bit sick today and got my math mixed up. Sorry for the totally bat-shit comment.
msongs
(67,199 posts)ProfessorGAC
(64,425 posts)There are 3.78 liters in a gallon. So, $8 per liter would be $30.25 per gallon.
I think you did the math backwards.
LakeArenal
(28,729 posts)US is spoiled.
If you moved to one of those supposed poor countries, youd find how spoiled the US. Even the name Americans has been purloined from two continents. The US is not America as they think they are.
Just reported yesterday that folks in Costa Rica live longer. How is that possible?
No OSHA for highway workers, no big expense accounts, hourly wage about $3-$6 bucks an hour.
Luxuries like big new cars are rare. Ticos drive 20 year old cars they keep running because there are yearly inspections. Tires are so expensive, people rent good ones for the inspection. Very rarely can anyone buy a car because you pretty much pay cash for things like that.
Theres no Goodwills here, no rummage sales because everyone uses everything.
We put a broken lawn chair on the curb. Someone took it. Who knows why.
But someone will do something with it
A Third World country is an outdated and offensive term for a developing nation characterized by a population with low and middle incomes, and other socio-economic indicators.Oct 26, 2020
Well the US is well on its way.
iwillalwayswonderwhy
(2,598 posts)I was stricken with appendicitis. I am a U.S. citizen living in the U.K. on a spouse visa. My appendix burst.
Ambulance ride to hospital
Cat scans
Emergency surgery
Bloodwork
I.V. antibiotics
Pain medication
10 days in hospital
10 days of oral antibiotics after discharge
Follow up appointment with another cat scan and bloodwork
What I paid ~0~
Care I received - excellent
I cant imagine what this would have cost money wise if I still lived in Florida.
former9thward
(31,805 posts)So it would have cost you very little.
Skittles
(152,967 posts)20% is not "very little"
former9thward
(31,805 posts)So yes, very little
Skittles
(152,967 posts)there would be many extra bills...it most certainly would not cost "nothing"
burrowowl
(17,607 posts)if taken to the ER before being hospitalized $300 or so copay.
former9thward
(31,805 posts)The UK has one of the worst healthcare systems in the developed world according to a damning new report which said the nation has an outstandingly poor record of preventing ill health.
Britain was placed on a par with Chile and Poland as countries still lagging behind the best performers in survival following diagnosis for different types of cancer. The UK came 21st out of 23 countries on cervical cancer survival, 20th out of 23 countries on breast and bowel cancer survival and 19th out of 31 countries on stroke.
https://www.independent.co.uk/life-style/health-and-families/health-news/nhs-uk-now-has-one-worst-healthcare-systems-developed-world-according-oecd-report-a6721401.html
burrowowl
(17,607 posts)Really been going down hill since Raygun and Thatcher. I lived in France for over 20 years and there Heath care is much better than US and UK.
former9thward
(31,805 posts)Steelrolled
(2,022 posts)Is it fair or is it biased?
Well there are red flags throughout, starting with the first sentence, that push me towards "biased".
RobinA
(9,878 posts)and not well argued at all. Which is not to say it's all wrong, but I don't trust it a bit.
grantcart
(53,061 posts)Dukkha
(7,341 posts)Umair Haque: Director of the London-based Havas Media Lab and heads Bubblegeneration, a strategy lab that helps discover strategic innovation. Education: University of Oxford, McGill University
So yeah it's safe to assume he's quite well off, far more than the average working class American, and lives in a cosmopolitan metro city that has a very high cost of living. So he's in the same bubble as silicon techies and bloggers that see none of rural small town America and the plight of the working poor.
I agree America lifestyle is a huge rip-off, but some of his stats are a big eschewed.
uponit7771
(90,225 posts)Marthe48
(16,692 posts)Because my house and car are paid off, I have little credit card debt, and I have money in the bank. All of which most Americans don't. But by my own rating, I am not rich.
Did you notice the graph at the top of the artcle? How none of the items mentioned by Umair ballooned until the 1990's? When did having an MBA get popular? Prior to MBAs and entrepreneurs becoming the thing in business, we had family owned businesses that supplied us with our wants and needs. Now we have multinational companies who charge the same price in every market regardless of the endmarkets varitions in income. And the companies have made their products the ultimate status symbols, where if you aren't wearing those shoes, or that shirt, you don't rate. Not to mention we are FREE walking billboards for the companies we wear.
I couldn't live like that. And I don't. And I won't. Make good choices people-buy what you can afford, don't worry about what others think, and stay free.
cate94
(2,797 posts)Ive been saying for some time that we are effectively paying tax to the private insurers. And our for profit healthcare system sucks.
Loki Liesmith
(4,602 posts)Americans dont agree with me that their lives suck so I need to convince them.
Roc2020
(1,604 posts)Americans are rich in sports entertainment and music. But neck deep in debt and poverty. Article is right. .
LittleGirl
(8,261 posts)Because we left in 2018. Sold the house in AZ.
These numbers are exactly why we enjoy our life in Switzerland and its not cheap there.
We get street sweepers down our street several times a year. I cant remember the last time I saw them in the states.
Were visiting CA right now. Its going to be interesting what we see while were here.
IronLionZion
(45,261 posts)and we pay so much for defense that no one will dare to shoot American citizens dead in our schools or workplaces.
I suppose there are some Americans who moved to Europe or South America as "expats" since white people don't want to be called immigrants. But there is a hell of a lot of immigration to the US from all over the world, even Europe. Somebody seems to think this is a good place to live despite GOP efforts to turn us into a shithole country.
OldBaldy1701E
(4,968 posts)That us why the rest of the planet thinks we are so great.
bucolic_frolic
(42,679 posts)he doesn't mention insurance or at least only in passing. Fear and laws cause people to pay insurance companies to accept their risk.
I don't have cable. I'm working on a plan to ditch landline and internet. Insulation pays off. Skills that support your home life pay off - plumbing, electric, automotive, vegetable gardening. Anything you can do yourself reduces cash outflows to pay bills. You may feel like a neurotic cheapskate watching every nickel, but that is where the money goes. You can even find things of minor value in parking lots - screws, bolts, etc.
We must pay some of these things because of the laws that legislatures write and executives sign. Taxes on phone bills can be 25% of the bill itself.
Jon King
(1,910 posts)Guess its hard to quantify, but some do anyway. My hunch is if working class people had not voted Republican the past 40 years, we could be top 5 under Dem only government.
https://www.numbeo.com/quality-of-life/rankings_by_country.jsp
Martin Eden
(12,804 posts)That's the two most recent figures I found in a fairly brief search. Of course those figures could be off, and tens of millions of households have far lower income.
Overall I agree with the article about the rip-off in the US compared to Europe, but the author's math is suspect.
Old Crank
(3,377 posts)Not family income. Which screws the number a lot lower to help make his point. But emphasizes the need to have two incomes in a family unit. I won't go into the politics of is it better to have to have both partners working while raising a family. That is another discussion.
I agree with most of what he means, even if he sensationalizes the numbers. I would have prefered it if he hadn't.
Martin Eden
(12,804 posts)... which includes children and can be very misleading. Median is a better metric in my view, and median or household average within each quintile would provide a better understanding.
Thew
(162 posts)The link in the piece ( [link:https://datacommons.org/place/country/USA?utm_medium=explore&mprop=income&popt=Person&cpv=age%2CYears15Onwards&hl=en|) gives only individual median income. Underscore that many households require multiple incomes to make ends meet.
BobTheSubgenius
(11,535 posts)Better? Probably, especially if you are a low-income citizen. I wish I'd held onto the article that explained it in detail, and with supporting data; in short, you are better off here if you are poor, worse if you are rich.
I live in Victoria, which is a provincial capital, with concomitant civil service jobs, and a major tourist destination, which is soft industry, but inconvenient in tourist season. So...nowhere near depressed, but not dripping with high-salaried jobs, either. Its main attributes are a truly temperate climate, and incredible natural beauty. It does bring wealthy retirees here by the hundreds.
Real estate here is as expensive as any other comparable city - 1BR apts going for $1200-1800, depending on location and finishes, and the latest published average selling price of a single-family home is $1.22 million. These numbers roll trippingly off the tongues of many people, but consider 2 quick smacks of reality. In what world can a young couple POSSIBLY save a $200,000 downpayment....which would still leave them with a MILLION DOLLAR MORTGAGE???
A US gallon of gas is over $6, a 4L jug of milk is almost $5 and even fairly low-end cuts of beef are $7 a pound.
If you are lucky and/or clever enough to situated yourself well in life, you can get by on surprisingly little....IF you're willing to trade *THINGS* for time. I've always valued time far above "things," so a reduced-income retirement was a no-brainer for me.
Last year, my pensions totalled something over $25,000, which sounds nearly drastic, but my mortgage has been paid off since the mid-80s, I pay no income taxes, health care is free, and there is even a program that subsidizes my Rx needs to the tune of 70%. I drive very little, and my household energy costs are a little over $100 a month.
If you have a burning need to drive a Maserati, live in a 4500 square foot house with luxury finishes and vacation on the Cote d'Azur at least annually, my situation is an appalling idea. If you look at it through the prism of the late 60's - my truly formative years - I am living LARGE.
In short...in my experience and opinion, the author has some good points and is heading towards a decent interpretation of latter day reality, but generalizes and overstates...and, probably worst of all...over-simplifies.
Duppers
(28,094 posts)I know you know what you're talking about! And anyone can do an online search for Canadian housing, as dh & I did, and discover just how very expensive housing is there.
my friend.
Grasswire2
(13,564 posts)I wonder what housing cost would be now, there, for a sod cabin and 100 acres of dry land.
BobTheSubgenius
(11,535 posts)No offence to your forebears, but I'm not sure there is enough money to get me to live there full-time, and forever. I did a year in Saskatoon, and it quite literally almost killed me.
BobTheSubgenius
(11,535 posts)RVN VET71
(2,686 posts)But his postulate, that most Americans are poor, is certainly worthy of discussion. Theres certainly no disputing the fact that tge rich have been getting richer while the poor get desperate and the middle class gets depressed struggling to maintain a veneer of security fir their families. And theres no question that George Carlin was on the money when, speaking of the extremely wealthy oligarchic class, he asserted, years ago, that they own you.
I dont know how my life and finances compare to imaginary doppelgangers in Ireland, say, or Costa Rica; or how my adult children would compare to their peers in those and other countries. But I do know that my health insurance costs approach $9,000 per year not including dentistry! and that my mortgage, with 15 years to go, costs me more per year than a poverty-line worker earns in a year.
So something is wrong. And Umair did not even mention the cost of food and clothing! Yet when the topic of social safety nets and govt provided benefits is broached, millions of MAGAs even those varely getting by and sinking ever deeper into debt! scream socialism!
America is on the brink of falling off a cliff into a pit of corporate fascism and things can only get worse.
OMGWTF
(3,901 posts)Joinfortmill
(14,247 posts)In the USA salaries are too low and expenses, particularly rent and Healthcare, are too high.
Loge23
(3,922 posts)Yikes! The guy puts forth a thoughtful piece with facts about the economic differences of life in America as compared to abroad and we get a blast of responses from the "love it or leave it" crowd!
Whether you love our corrupt political and economic system or not, "love it or leave it" really doesn't represent a Democratic value in my mind. But then again, in light of the current situation in Washington, I'm no longer sure just what does represent Democratic values anymore.
Proud leftist.
And yes, we are being ripped off.
it isn't a thoughtful article, it's a lot of numbers and comparisons that don't hold up mixed with a Europe is all right, Americans are all wrong vibe. Raises hackles. And I love Europe and their social Dem ways.
Thtwudbeme
(7,737 posts)I mentioned the cost of veterinary medicine, food etc...and then listed other bills that are going up right now (Natural gas for heating, electricity, water from private companies, etc) and many immediately decided:
I was chastising them for owning a pet.
I am an elitist.
I was stating that I am pinching pennies on a really good salary.
I don't have a "can do" attitude (that was the stupidest comment in my opinion)
Yep. DU has changed.
radicalleft
(478 posts)The "How dare you criticize my fur-baby choices" attitudes went ballistic! Whoosh! That was the sound of your point blowing over their heads...lol
Thtwudbeme
(7,737 posts)Some people "got it" ("owning a pet should not be a luxury" )....but, others? Good God- Most bizarre shit I have ever seen.
There's someone down thread on this thread arguing that "utilities are not that expensive." I broke down our bills for him (we have a small house)- and said, "oh yes- they are."
radicalleft
(478 posts)relative to income these days. Living day-to-day is not what it used to be a generation ago...
traitorsgalore
(1,390 posts)I don't think the article even pointed out that more than 70% of Americans retire with less than 30K saved.
budkin
(6,691 posts)It's disgusting tbh.
WhiskeyGrinder
(22,150 posts)erronis
(14,955 posts)I really don't understand how he has the time to write so many. And they all have a slant that seems to point to the failure of the US systems, whatever they are. Wonder what is behind his viewpoint.
Shanti Shanti Shanti
(12,047 posts)Great article and true.
Ford_Prefect
(7,828 posts)Error 1020 Ray ID: 696f8c95687427e6 2021-09-30 18:35:06 UTC
Access denied
What happened?
This website is using a security service to protect itself from online attacks.
Cloudflare Ray ID: 696f8c95687427e6 Your IP: xx.xxx.xx.xxx Performance & security by Cloudflare
FSogol
(45,360 posts)Ford_Prefect
(7,828 posts)Must be some security setting in SRware Iron??
Sympthsical
(8,936 posts)While I dont disagree in a lot of places (health care and housing), his narrative elsewhere is almost bizarre.
Utilities are $500-$1000 for the average American?
Whut.
I have lived in varied climates, and Ive never come close to that. Right now, I have a five bedroom house. Our PG&E is roughly $100 a month. Why? Because we dont go crazy. Lights off in unused rooms. AC only when its crazy out (usually 95+), heat when clothes and blankets dont entirely suffice.
We pay $45/month for tv. If youre doing a whole cable package these days, youre an idiot. I think out internet is something like $50.
He has good points about housing and health care - theyre killing us. But the rest sounds like he doesnt know any poor people. We live comfortably, and our expenses look nothing like that.
Thtwudbeme
(7,737 posts)Our last electric bill was $200.00. Our gas bill (appliances) averages $100.00. Private water company is about $90 a month. Our internet, no cable, is $75. Two phones are a little over a hundred.
This guy is not "off" by any stretch of the imagination for many people.
Sympthsical
(8,936 posts)$500-$1000 average?
Ive only heard that from people with huge homes running AC and heat 24/7. I mean, you have to work up to that.
It is by no means normal for most people.
Thtwudbeme
(7,737 posts)Run the A.C. all summer. Ours utilities are about 500...not sure why you think that is abnormal.
beaglelover
(3,441 posts)in 'Murica! Because FREEDOM!!!!! LOL! Suckers......
spanone
(135,636 posts)Act_of_Reparation
(9,116 posts)They know shit is expensive, but they generally do not know how expensive it is compared to other places. Because getting out of the country is fucking expensive and most people don't do it.
leighbythesea2
(1,200 posts)That was a brillant concise description. The "classic Weimar" descent comment....
CaptainTruth
(6,546 posts)"Heating, electricity, gas, water? These things can easily add up to $500 to $1000 dollars per month."
My monthly total for all that is around $100 or less, depending on the season.
And wow, this: "Now you need healthcare. In Europe and Canada and even Australia, with its crazy climate change denying PM, thats free."
Dude, when you pay half of your income in taxes that's NOT FREE. And yes I have friends in Europe who pay 51% of their income in taxes so that "free healthcare" gets paid for.
I'm not saying everything is better in the US, far from it, some things like cell phone & TV seem way too expensive, but this guy should look at things like the financial consequences of self-employment in the EU vs US. I can only speak to Italy on this point because my wife is from there. She's a legal translator (translates court documents, mostly for cases in Italy) & she's successfully self-employed working out of our home office making quite a good profit. She's run the numbers & if she tried to do the exact same thing in Italy with all the taxes & fees involved she would only make about 1/3 the profit, & it would not be enough for her to live on. She concluded it would just be impossible for her to do it there, but she can do it easily & lucratively here. Any thorough analysis has to take situations like that into account, or it's an incomplete picture.
And "When a nation is paying enough every decade in credit card interest alone to have funded good healthcare and education and retirement for everyone
forever
"
I know math isn't everyone's strong suit but the amount paid in credit card interest in one decade is a finite number. The amount of money required to pay for "good healthcare and education and retirement for everyone
forever
" is by definition an infinite number because it literally goes on "forever." There's no way a finite number of dollars can pay an infinite expense. The guy makes a lot of good points but to me it gets lost/ruined by logical & mathematical fallacies. Maybe it's the engineer/geek in me, so sue me.
betsuni
(25,138 posts)Equomba
(197 posts)This means he's leading everyone on, or at least those who haven't determined something smells a lot like fish.
There are so many fallacies that I missed the one you highlighted,
"When a nation is paying enough every decade in credit card interest alone to have funded good healthcare and education and retirement for everyone forever "
Not only what you said regarding finite vs. infinite, but he's talking about $100 billion per year in credit card interest, and not only funding for healthcare but education and retirement as well. We spend $3.8 trillion per year on healthcare alone, $100 billion is 2.6% of that, which is nothing, especially when he adds education and retirement to the equation.
I don't get why anyone would take this article seriously, considering. There's an agenda somewhere.
ChubbyStar
(3,191 posts)Glad you found DU, it is a wonderful source of information. The cooking and baking forum is fun, so happy you discovered it! The cooks on DU are very cool.
Equomba
(197 posts)has an 'agenda', some are just more hidden than others, which is what I was alluding to. I thought perhaps the surrounding context might have indicated that, but I see another poster (#184) did a much better job by stating
"Like Fox Noise, this guy has an agenda, and presents his story accordingly. For SOME people, like Fox reports for SOME Fox viewers, it will even ring true."
Cooking forums can get rather heated, I remember one I happened upon where the recipe was for Cullen Skink. One of the posters questioned if the one cup of salt might have been in error, that perhaps it was a typo and should have been more like 1 tsp. Well, this received a lot of push back, until another noted there was no haddock, or even fish, in the recipe. Didn't go over well, a few even made a comparison to "Black Jack" Randall lurking about. Being a fan of Outlander I found the comparison rather amusing!
Oh, and thanks for the welcome!
chia
(2,235 posts)Sympthsical
(8,936 posts)On about 3,400 sq ft. Now granted, we live in NorCal, so the weather's a bit more amenable to it. On days we know it'll be hot, we open all the windows overnight, then close up the house in the morning when it's cool, draw the blinds/curtains, etc., and don't let the hot air in. On 100+ days, we do the same, but we might run the AC for an hour or two with the same set up, then turn it off. When we're uncomfortable, fans. I have a woozoo on my desk blowing in my face when I'm home working. Along with ice water, that does for me even in upper 90s. It's not amazingly super comfortable, but I am also not paying PG&E a ton of money.
In winter, close up at night, then open all the blinds and curtains to let in sun for heat during the day (assuming it's around). If it's super cold in the house in the morning, flip on a space heater only in the room you're going to be in, and only then long enough to take the chill off.
Our PG&E bill last month was $107. If we're not using something, it's turned off.
When I lived in the Midwest with the summers and winters, I paid a bit more for AC with the humidity and heat in those winters. But even then, I never came anywhere near the numbers he's citing. He's citing $500-$1000 as averages for Americans. That is an unbelievable figure.
Equomba
(197 posts)"How deep in credit card debt are Americans? The industry itself will tell you that the average American owes about $6500 or so, though other sources report that the average American is in debt for almost $30K, excluding mortgages and the majority of that is credit card debt. And maybe even $6500 doesnt sound like a lot, until you realise that for a family of four, thats more than $25,000."
From the Federal Reserve Bank of New York's Center for Microeconomic Data's Quarterly Report on Household Debt and Credit...
https://www.newyorkfed.org/newsevents/news/research/2021/20210803
Total household debt - $14.96 trillion
Total mortgage/home equity debt - $10.76 trillion
Which leaves a debt, excluding mortgages, of $4.2 trillion
Of this $4.2 trillion, $.79 trillion is credit card debt, or around 19% of non-mortgage debt, which is hardly the majority.
$790,000,000 in credit card debt divided by $6,500 is around 121 million, which is close to the estimated number of households in the U.S. So if the average household credit card debt is $6,500, how can he then multiply this by the number of household members, in this case four, to get his more than $25,000 figure?
Obviously, I've made a mistake somewhere. If anyone would be so kind to show me where I'd appreciate it. Thanks!
msongs
(67,199 posts)Dukkha
(7,341 posts)John Steinbeck once said that socialism never took root in America because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires. This has become a favorite tactic by the rich and elite, Republican politicians, and a big Fox News talking point. They all work at perpetuating the great con to their own support base to give up all their basic entitlements for the scheme that if they do they will also one day be rich.
Auggie
(31,067 posts)onecaliberal
(32,489 posts)Most of the congress is owned.
LiberatedUSA
(1,666 posts)Thanks!
betsuni
(25,138 posts)The goal: create a banana republic.
"Poverty makes people fanatics and extremists." People from any economic background become hateful, angry lunatics when brainwashed. This article reminds me of all the nonsense that "economic anxiety" supposedly caused people to vote for Trump.
Crunchy Frog
(26,548 posts)Progressive dog
(6,862 posts)Johnny2X2X
(18,745 posts)The US is always compared to the other leading industrialized nations of the world, as it should be.
The US has the largest economy in the world and we have a population of 330 million. China's economy is close to the same size, but they have 1.5 billion people. The US has the biggest pie to share. Comparing a country with an economy that is nearly $23 Trillion in size with a country whose economy is $50 Billion is pointless.
Progressive dog
(6,862 posts)because it has high productivity and a high standard of living. Every nation with a higher standard of living has a much smaller population.
marble falls
(56,359 posts)DFW
(54,057 posts)His European statistics dont describe life here at all, and his American misery by no means is the typical Americans reality. The tired old everything in Europe is free cliché is no more true than everyone in America living in a hell hole of misery except for the 716 (or however many it is) billionaires.
If you want to make America out to be a horrible place, or Europe to be a paradise, you can do a better job of it than this guy does by selecting real people and using real numbers. Youll never tell the whole story, but at least you wont be so far from accuracy as to be an easy laugh-off.
Disneyland? I grew up in America, live in Germany, and am married to a German social worker. As a generalization, this guy is reporting from Fantasyland. Like Fox Noise, this guy has an agenda, and presents his story accordingly. For SOME people, like Fox reports for SOME Fox viewers, it will even ring true. But it selects, simplifies and distorts. Caveat lector.
betsuni
(25,138 posts)obnoxiousdrunk
(2,906 posts)Kaleva
(36,147 posts)As for rent, average cost is is misleading as the average contains rentals that are high to over high priced. Nobody making $35k a year would look at apartments that cost $5k a month or more so they should be taken out of the average which would then reduce that final number.
"Unusually expensive homes can skew the average price more than the median price, so buyers may prefer to look at the median sales price while considering a neighborhood."
https://www.thebalance.com/median-vs-average-what-the-difference-2682237
Apartment costs vary widely across the country.
"Apartment rent costs in California are the highest in the U.S. at a median monthly rate of $2,542, according to recent data from Zillow. At the other end of the spectrum, West Virginia had the lowest median rent at $866nearly one-third the cost of the average rent in California."
https://www.experian.com/blogs/ask-experian/research/median-rental-rates-for-an-apartment-by-state/
Author makes an error by saying the average income in the US is $35k a year but the link he provides gives the median income. There a difference between the two.
moondust
(19,917 posts)is liable to end up in a bad place. It may work for a while to stimulate innovation and growth, but eventually there may be little left to innovate and some bad actors may turn to corruption or abuse to sustain the growth.
Takket
(21,425 posts)A list I had found online of the 20 most liberal countries in the world. Then a few days later a completely different outline post a list of the 20 happiest countries in the world, based income, life expectancy, education, and happiness of if citizens.
I posted that too because 19 of the 20 countries were the same!!!
The rethugs are denying us this same existence every day.
DAngelo136
(264 posts)There's an old book out of print and a bit outdated but still relevant to these times.
It's titled: "The Screwing of The Average Man" by David Hapgood which is subtitled: "How The Rich Get Richer And You Get Poorer"
It explains all the ways the average man is ripped off and misled by private industry making you pay more, for less and how these ripoffs are preserved by the bought and paid for government of, by and for the wealthy. This book was written back in 1974 and with some tweaking, it could explain perfectly today's times.
Another book to read is "America: Who Really Pays The Taxes" by Donald Bartlett and James Steele. Reporters for the Philadelphia Inquirer who looked into how the tax laws benefit the wealthy at the expense of everybody else. They also wrote "America: What Went Wrong?" Two highly recommended books
Then there's David Cay Johnston's books "Perfectly Legal", "Free Lunch" and "The Fine Print" all explain how the rich in this country manipulate the tax code and laws to benefit themselves.
Now you don't have to be a Marxist to feel a palpable sense of outrage (It helps though) about how the wealthy class in this country, protected by their lackeys in all levels of government have taken advantage of you and me and made out like bandits (More like Robber Barons) in the name of "capitalism". Read these books, go with righteous anger to your governmental critter and raise hell and while you're at it, keep bashing the MAGATS, spreadnecks and those kooks from "Howdya Arabia" who keep us from having nice things.
DAngelo136
(264 posts)There's an old book out of print and a bit outdated but still relevant to these times.
It's titled: "The Screwing of The Average Man" by David Hapgood which is subtitled: "How The Rich Get Richer And You Get Poorer"
It explains all the ways the average man is ripped off and misled by private industry making you pay more, for less and how these ripoffs are preserved by the bought and paid for government of, by and for the wealthy. This book was written back in 1974 and with some tweaking, it could explain perfectly today's times.
Another book to read is "America: Who Really Pays The Taxes" by Donald Bartlett and James Steele. Reporters for the Philadelphia Inquirer who looked into how the tax laws benefit the wealthy at the expense of everybody else. They also wrote "America: What Went Wrong?" Two highly recommended books
Then there's David Cay Johnston's books "Perfectly Legal", "Free Lunch" and "The Fine Print" all explain how the rich in this country manipulate the tax code and laws to benefit themselves.
Now you don't have to be a Marxist to feel a palpable sense of outrage (It helps though) about how the wealthy class in this country, protected by their lackeys in all levels of government have taken advantage of you and me and made out like bandits (More like Robber Barons) in the name of "capitalism". Read these books, go with righteous anger to your governmental critter and raise hell and while you're at it, keep bashing the MAGATS, spreadnecks and those kooks from "Howdya Arabia" who keep us from having nice things.
lambchopp59
(2,809 posts)I held comment. Especially because I was about to blast the first comment with "how very republican of you", I see it got self-deleted and many DU'ers already took that thread to the woodshed.
I chime in due to devastation from health issues, repeatedly. Although I make just over 100,000 it quickly gets absorbed in follow up medical costs. I'm veritably priced out of the market to own any home-- from plain unwillingness to sink myself into long term debt. Such a thing is impractical for me anyway because traveling for work- I never know if my contracts will last 3 months or years.
The "poverty trap" was indeed very, very difficult to overcome, and yet I'm only looking at the most meager retirement.
Had all my life's circumstances occurred in a country with nationalized healthcare
I wouldn't soon be having to cross the border to Mexico to have my dental work done.
FSogol
(45,360 posts)that poster's knee jerk comment. Had they read the article, they would have seen that the writer raises many good points. Most of these points are what we as Democrats are fighting for.
To many Americans travel, especially overseas, is a luxury. Travel to Europeans is just a normal part of life. Most European countries have twice as many or more weeks of vacation as do Americans. Their businesses don't suffer and they actually hire more people to cover the workload. We are constantly shortchanged by the rich and by corporations that don't pay their fair share into our system. It shouldn't be upsetting to admit that. We need to change that.
kskiska
(27,041 posts)is all about this subject. He could have chosen a better title, though. It wasn't about invasion. It was about quality of life.
Marthe48
(16,692 posts)After thinking about it since I read it, I think that it is great for us to be insisting on fair wages for service, but the prices of goods and services need to come down.
I went to college for 3 quarters, 1970-71, and tuition, room and board was $1200.00. My husband and I paid a minister $10 to get married. For our first baby, it cost us $150.00 for 3 days at the hospital and $150.00 to the dr. For our 2nd baby, it was $600.00, but ins. paid all but the co-pays for dr. visits, and prenatal vitamins. . We paid $35.00 a month rent. Utilities, not counting a phone, were not more than $25.00/month. When we moved to town, rent was $70/month, and we added phone, water and cable to our utility bill, which was still under $100.00/month. Our first mortgage was $73.00/month and it was a 2 story house on 9 1/2 acres.
We had free medical insurance through my husband's job, and co-pays were $5.
We could feed the 4 of us at McDonalds for $5. A Big Mac was .79 cents. We thought shoes were expensive if we paid more than $10.
I look at prices now, and I don't even know how people can make it on their own, let alone trying to take care of a family.
If prices across the board come down, and wages go up, maybe it'll be easier to make it in the U.S. Right now, the author of the article brings to light some harsh realities.
BeckyDem
(8,361 posts)It doesn't make me happy to recommend but truth is truth.
Mr. Scorpio
(73,626 posts)Find a small town in back in Northern Europe chill.
Probably somewhere between Brussels and Rotterdam.