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Cranialscrewtop t1_j2tfqmd wrote

Reply to comment by Queensthief in European economies have developed stronger anti-trust regulations, more competitive markets, and more robust consumer protection than the US in the last 20 years. The reason for this is the EU. EU member states are incentivized to empower a strongly independent pro-competition regulator. by smurfyjenkins

IThe US poverty rate at present is 12.8% source: https://www.census.gov/library/stories/2022/10/poverty-rate-varies-by-age-groups.html

At present only 4 of 27 EU countries are lower than the US average. Even Germany, the financial powerhouse of Europe has a poverty rate of 15.8%. Source: https://data.worldbank.org/indicator/SI.POV.NAHC?end=2020&locations=EU&start=2019

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sanzy1988 t1_j2thji7 wrote

You will see America is higher than most European countries:

https://data.oecd.org/inequality/poverty-rate.htm

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Cranialscrewtop t1_j2to3w2 wrote

I would say the world bank has good data.

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hydrOHxide t1_j2ue95g wrote

I think you missed that the World Bank explicitly states that they are using national, country-specific poverty lines. What it means to be below the poverty line in the US is something substantially different than what it means to be below the poverty line in Germany.

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Cranialscrewtop t1_j2v0i3z wrote

Exactly. Poor in NY is a different income than North Dakota. Same between countries. That's what makes the World Bank's data more meaningful, not less.

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sanzy1988 t1_j2tqfok wrote

OECD has more up to date information and you can compare more easily.

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