Monday, September 02, 2019

The Poorest 20% of Americans Are Richer on Average Than Most European Nations - Foundation for Economic Education

The Poorest 20% of Americans Are Richer on Average Than Most European Nations - Foundation for Economic Education
"A groundbreaking study by Just Facts has discovered that after accounting for all income, charity, and non-cash welfare benefits like subsidized housing and food stamps, the poorest 20 percent of Americans consume more goods and services than the national averages for all people in most affluent countries. 
This includes the majority of countries in the prestigious Organization for Economic Cooperation and Development (OECD), including its European members. 
In other words, if the US “poor” were a nation, it would be one of the world’s richest..."
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