They claim to have adjusted the values for the price differences between countries.
Although I'm not sure if rent was included in that adjustment.
Although I'm not sure if rent was included in that adjustment.
I had a short stint in the US with a work & travel program and, my personal experience kind of painted the picture that people in the US are simply horrible with their finances. I was young, and I was smart and coming from, what I now realise, was poverty. It seemed to me I could have _easily_ had a good life over there, without even trying. Basically the ethos of FI community would have worked beautifully there. Spend less than you earn, try to have a clean life. Easy.
I think people need to have at least a little while living in poverty to understand what it really looks like. I remember my childhood in one of the ex communist countries, it was... wild. Uncertainty everywhere, we could not afford basic shit. I saw catalogues from some nice EU country and I was _flabberghasted_ that people could afford such nice things. And I was young, I couldn't even process things properly. But there was obvious disconnect between my life and some of the media, promotional material, films, cartoons I was seeing. It certainly gave me a interesting perspective.
Something like 10% of Americans experience food insecurity throughout the year and I’d place that as a pretty basic necessity of life
>Food Insecurity
>Low food security (old label=Food insecurity without hunger): reports of reduced quality, variety, or desirability of diet. Little or no indication of reduced food intake.
People in other countries would scratch their heads at the very concept of "food insecurity without hunger".
[1] https://www.ers.usda.gov/topics/food-nutrition-assistance/fo...
Very low food security—In these food-insecure households, normal eating patterns of one or more household members were disrupted and food intake was reduced at times during the year because they had insufficient money or other resources for food.
3.9 percent (5.1 million) of U.S. households had very low food security at some time during 2020.
Because it is the part that is the most misleading about this statistic.