Why Do Americans Have Such High Incomes and So Little Savings?

by Ryan McMaken
Mises.org

Americans have more disposable income than nearly every other country on earth. The few exceptions include a handful of northern Western European states and some small city states like Monaco.

Even when accounting for government benefits and taxes, Americans still have more income available to spend than almost anyone else.

As this measure from the OECD shows, the US has a median disposable income at $29,100, behind Luxembourg, Norway, and Switzerland. It’s well ahead of of large European states like Germany and France, which show a median disposable income levels of $24,200 and $23,300, respectively.

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