https://www.quora.com/q/war-elephant/America-s-poorest-are-richer-than-most-average-Europeans-StudyHAS TO BE STATED OVER AND OVER AGAIN BECUSE IT DOESN”T STICK
—“The World Bank’s “preferred” indicator of material well-being is “consumption“ of goods and services [because] “of reliability and consumption is thought to better capture long-run welfare levels than current income.”
The poorest 20 percent of U.S. households have higher average consumption per person than the averages for all people in most nations of the OECD and Europe
Even the poorest 20 percent of Americans consumed three to 30 times more goods and services than the averages for all people in a wide array of developing nations around the world”—
So they get poverty and we get … “roving bands of undesirables”.
https://www.quora.com/q/war-elephant/America-s-poorest-are-richer-than-most-average-Europeans-StudyUpdated Sep 4, 2020, 8:24 PM
Source date (UTC): 2020-09-04 20:24:00 UTC