Wealth inequality in Europe is seldom discussed unfortunately. Everyone focuses on income inequality to demonize well earners and justify taxing them more to pay for the mistakes of politicians and the sinking welfare system, but ignores all that untaxed wealth stashed away in the hands of a few.

Average salary in Austria after taxes is something like 2k/month yet the country is full of flashy cars and houses costs from several hundreds of thousands to millions of Euros. How is that possible? You have mediocre EU salaries at San Diego house prices. Rents are reasonable but I don't see how people are gonna be able to also afford rent from retirement pensions.