Why Do Americans Have Such High Incomes and So Little Savings?

Americans have more disposable income than nearly every other country on earth. The few exceptions include a handful of northern Western European states and some small city states like Monaco.

Even when accounting for government benefits and taxes, Americans still have more income available to spend than almost anyone else.

As this measure from the OECD shows, the US has a median disposable income at $29,100, behind Luxembourg, Norway, and Switzerland. It’s well ahead of of large European states like Germany and France, which show a median disposable income levels of $24,200 and $23,300, respectively.

This graphic is taken straight from the OECD’s 2014 “Society at a Glance” report:

disp_income

Source: https://mises.org/blog/why-do-americans-have-such-high-incomes-and-so-little-savings

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s