is this true today that the Average american (aside from what their homes are worth to the banks) lives in a much larger house and more land and more excess money to spend on nice , luxury cars etc? how compared to british?
and how compared to anywhere in the world or Europe? france? Germany? etc?|||I would say the shift happened in the 1920's. While the US has many problems we also have many freedoms that others don't have good or bad. Going along with other posts, yes our freedom might lead to our demise with obesity and our edukation system leaves something to be desired as well;) We are very diverse as we have all different land types, temperature, and climates. There are large cities with high prices and small towns and everything in between. I live in Wisconsin and while manufacturing jobs have been sheding for decades I at 25 am comfortable. I had enough disposable income to buy a duplex to live in and rent out the upstairs and buy another one the next year and then fix up and do improvement while renting out the 3 units and living in one. Most Americans squander money like crazy, if a person watches every penny they can become quite wealthy with some savvy investing and a little bit of luck. My wife's family lives in the northern part of the state and it is truely beautiful to see the deer in the backyard and sit outside at midnight and hear wolves off in the distance and look up into the night sky and see millions of stars.
Also the longest mortgage is 40 years. The most common is 30 year. A 15 is quite common as well, I just cut off 11 years and brought mine down to a 15 year. I only speak to thia because I've heard generational mortgages are much more common in europe.|||It's true but from the problems that I'm seeing mostly in here, there are much poorer people in America than the European average of poverty. Also the education level is much lower than the average in Europe. And remember that we don't get to keep anything when we will leave this world but our conscious. I'm not implying anything but I just want to make clear how unimportant the things you mentioned really are in life.|||About 1914, the US standard of living had always been high, Adam Smith goes into why in Wealth of Nations. But it was the onset of WW1 and the sudden increase in tax in Britain to pay for the War when the US started to noticeably overtake Blighty.
US houses have always been larger, mainly due to cheap land, and lots of it.|||standard of living in America generally sucks compared to European nations like the UK.
America's quality of education has dropped. Millions don't have access to decent health care. A lot of people are obese and as a result suffer from things like diabetes.
There is probably a very high inequality gap between the rich and poor in the U.S. compared to other countries.|||WWI see http://www.visualizingeconomics.com/2007鈥?/a>|||late 90s i would say or 80s|||but they are fatter and have guns
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