I don't think you realize the situation of the US middle class.
High education costs. High healthcare costs. One serious disease or accident can bankrupt you. Buying a house usually means a 30 years loans at 7% so after 10 years you still have 85% of capital left to pay off.
Salaries are higher but everything is more expensive, so in purchasing power parity it's basically the same.
High education costs. High healthcare costs. One serious disease or accident can bankrupt you. Buying a house usually means a 30 years loans at 7% so after 10 years you still have 85% of capital left to pay off.
Salaries are higher but everything is more expensive, so in purchasing power parity it's basically the same.