TIL That Britain Is Poorer Than Any US State, Even Mississippi
TIL That Britain Is Poorer Than Any US State, Even Mississippi
The author takes PPP (Purchase Power Parity) per capita of the UK as a whole versus individual U.S. states. So what does it mean that Mississippi on average has a higher PPP than the UK? Two things:
Another way to look at it is, if wealth distribution was fair in the U.S., even people in Mississippi would be better off than the average Brit.
A homeless person in Finland has free access to medical treatment that could render a moderately wealthy American homeless.
Studying isn't just free - the state pays you for it.
What you can purchase is, despite popular belief, not a good indicator of life quality.