#### 🇪🇺 Europe's Living Standards Hit 40-Year Low Versus US
European living standards are currently at their lowest level in over 40 years compared to the US, primarily due to stagnant income growth and rising costs, such as energy bills.
This is measured by Gross Domestic Product (GDP) per capita.
Income and Inflation: The typical adult's income in the EU has not kept pace with inflation, leading to a decline in real purchasing power. Energy costs have surged by approximately 60%.
#EU
Oh well, and this data is from 2020, forward to 2025 and is for sure worst
Scary
FAFO
And considering the current 🇪🇺 EU leadership IQ, it will get only worst, but 🇺🇸 US is not looking much better
Now that is sad, voting out those war mongers and sold out corrupted politicians will help
You don't understand how the EU works. Its not a real democracy. The policy makers aren't electable. And for the chamber that can merely block or make small tweaks you can only vote for representatives in your own country.
Infuriating
WOW... FAFO indeed
They reap what they sow...
Sickening. Fuck the EU
Americans pay 60% more for their energy today as compared to 2010, while Europeans pay 127% more for their energy over the same period.
Energy production is directly correlated to GDP. More cheap energy means more GDP. The EUs energy production is not growing as fast and it the energy cost is pricing them out of the market.
To drive your point home. In 2008 the GDP of the EU WAS $16.2T & US $14.8T. Today the GDP of the US is 53% bigger than the EU.
#EU #USA #GDP #ENERGY
No, its all about taxes and fees
