It’s not surprising that America’s best-paid 10 per cent are wealthier than top 10 per cent. That fits our general idea of America: a country where the richest do best while the poorest are left to hang. The figures just don’t support this. As the below chart shows, middle-earning Americans are better-off than Brits. Even lower-income Americans, those at the bottom 20 per cent, are better-off than their British counterparts. The only group actually worse-off are the bottom 5 per cent.Update: Maybe the Brits are poorer than even Mississippi (Forbes)
blogging my (mis)adventures in China between and during bouts of jetlag peppered with random thoughts on investing, strategy and development
Wednesday, August 27, 2014
Why Britain is poorer than any US state, other than Mississippi
A story that's somewhat disruptive to a few narratives out there (TheSpectator):
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