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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (136027)	4/8/2001 11:03:46 PM
From: TimF	Read Replies (1) \| Respond to of 1572608

The problem with comparing the poverty rates is that poverty is relative in these measurements. It is often defined as being below a certain % of the average national income. Wealth definitely is more concentrated in the US then in many other countries however people who are below the poverty line in the US might not be if they had the same income in another country (and this is true wether you just use the actual exchange rate or calculate the amount that would give them the same purchasing power) However the citizens in this country on average are poorer than those in the developed countries mainly because of how the wealth is distributed in each of the countries. The average citizen in the US is wealthier then the average European. It is possibly true that in some European countries with lower per capita income a typical person is wealthier then a typical person in the US but this would only apply to a very few developed countries. If you take developed countries as a whole, or Europe as a whole, or the EC as a whole, then the typical American is richer then the typical person from whichever of those three groups you pick. However I would not be surprised if you can find a couple of countries with slightly lower GDP per capita then the US where your claim is true. Tim