This is what I found on WASHINGTONEXAMINER.COM:
A new study of worldwide wealth showed the bottom 20% of U.S. income earners were wealthier on average than people in most European countries.
The study, conducted by Just Facts, released last week found the bottom fifth of American citizens “consume more goods and services than the national averages for all people in most affluent countries,” including European countries on a per capita basis. Individuals in the poorest 20% of the United States on average have more material resources than those in Canada, the United Kingdom, and Japan.
The analysis examined income, charity, and noncash welfare benefits to determine how many goods and services people consumed in each country. Henrique Schneider, the chief economist of the Swiss Federation of Small and Medium Enterprises, said the study “provides valuable insight into poverty measures.”
The study comes after the New York Times published a video op-ed that claimed the U.S. was not the greatest country on Earth, and that it had more in common with “developing countries.”
Hey, Socialists 📢
The #USA Is So Economically Exceptional That The Poorest 20% of Americans Are Richer on Average Than Most European Nations.
— FreedomWorks (@FreedomWorks) September 3, 2019
The poorest 20% of the United States on average has more material resources than those in Canada, the United Kingdom, and Japan.
The bottom fifth of American citizens “consume more goods and services than the national averages.”https://t.co/V7CdUPgdAy
— Washington Examiner (@dcexaminer) September 3, 2019
The privilege of living in the US affords poor people more material resources than the averages for most of the world’s richest nations. https://t.co/zhCupI0bl0
— FEE (@feeonline) August 30, 2019
Information provided by WASHINGTONEXAMINER.COM.
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