Who's worse off after the Great Recession - US or EU?

Discussion in 'Western Europe' started by LafayetteBis, Jul 1, 2018.

  1. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    We are coming out of the Great Recession, slowly but surely. So, what's the attitude regarding national satisfaction or non-satisfaction with their lot in life.

    Pew Research has done the research (from here), asking the question: "How well off am I compared to before?"

    Most European think they are "better off" than "worse off". In America, the opinion is split, with a tiny fraction thinking they are more worse-off than better-off.

    So let's look at those rankings comparatively (from here):
    Countries - worse/better
    Germany - 20/65
    Netherlands - 19/64
    Sweden - 23/64
    Poland - 21/62
    Spain - 28/60
    UK - 31/45
    USA - 41/37
    France - 40/33
    Italy - 50/23

    It is clear from the above that Americans think they are worse-off more so than the Europeans.

    Why might that be?

    I think it is because higher comparative taxation in the EU allows countries to "take better care" of their population when the dynamics of a market-economy are tripped by a thing called the "Great Recession" (2008/2014) ...
     

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