The time needed to get $1 in international dollars is 63 minutes in the US. This is about twice the average in Germany, France and the UK according to an Oxford University researcher. This suggests that average poverty is significantly higher in the US.
  • maplesaga@lemmy.worldEnglish
    2·
    3 days ago

    How about a poverty measure that includes housing prices, which I believe are far higher in Europe relative to wages?

    • ℍ𝕂-𝟞𝟝@sopuli.xyzEnglish
      2·
      2 days ago

      Does the US not have the same problem?

      Sure, you can buy a house in somewhere in the middle of nowhere in the US, but that’s similar in the EU, Northern Croatia was literally giving houses away to people committing to live there.