Mock the French all you want

Avatard · 10-25-2010, 05:57 AM

They work less, they look great and now it turns out that the French – and citizens of six other countries - are richer than us, too.

http://lifeinc.todayshow.com/_news/2...nal-wealth-gap

nhgunnut · 10-25-2010, 06:00 AM

They are also lazier , more entitled and there standard of living is in decline. Apart from that I ad mire what they have done with Health Care (not Health Care Insurance)

Avatard · 10-25-2010, 06:05 AM

Their standard of living is just fine, and in fact, better than ours.

They work less hard, take care of their own (health), even send their kids to college, and STILL live better, and make more money.

Taking care of your own isn't just the right thing to do, it's a sound strategy for success, apparently.

pauldun170 · 10-25-2010, 07:52 AM

The chart and the conclusion seems to be a bit misleading.

They are taking average wealth and comparing it with varying population levels and different currencies. (going against the dollar)
I need to take a closer look before saying anything.

t-homo · 10-25-2010, 10:08 AM

Because America is slowly turning into trash.

goof2 · 10-25-2010, 10:26 AM

I suspect much of the issue for the US in those rankings is due to our real estate market. Somewhere around 30% of mortgages in the country are for more than the house is now worth (in too many cases it is for way more). When the largest single "purchase" most people make becomes a large liability for many it will effect the average net worth for the population. It also doesn't help that all the countries that are "ahead" of us have older median population ages than the US does. For some countries it is as little as a year, others are up around five years. Older people tend to save more and have less debt.

I'd also agree with Paul that there is probably something else going on here. The article mentions the Swiss number increasing by 60% but misses both Australia and Norway jumping 300% in ten years. A compounded annual growth of 12% over 10 years indicates there are other factors affecting the numbers than just saving and paying off debt.

Either way the problem for the French isn't with personal finances, it is their government's finances. Government spending in France is more than half the country's total GDP, and they reach that level with deficit spending. That is not a sustainable model.

Homeslice · 10-25-2010, 10:29 AM

Quote:

Originally Posted by nhgunnut

They are also lazier , more entitled

And attitude galore......Still mad about not being able to sustain an empire anymore

Adeptus_Minor · 10-25-2010, 10:31 AM

Quote:

Originally Posted by Homeslice

And attitude galore......Still mad about not being able to sustain an empire anymore

So they did what we should be doing and took care of business at home?

Papa_Complex · 10-25-2010, 11:06 AM

Quote:

Originally Posted by Avatard

They work less, they look great and now it turns out that the French – and citizens of six other countries - are richer than us, too.

http://lifeinc.todayshow.com/_news/2...nal-wealth-gap

Thank you. I will continue to mock them.

Avatard · 10-25-2010, 11:12 AM

Yeah, me too, come to think of it.

But the fuckers are kinda kicking our asses.

10-25-2010, 05:57 AM	#1
Avatard Crotch Rocket Curmudgeon Join Date: Nov 2008 Location: Here to integrity Moto: Li'l red baby Ninja Posts: 7,482	Mock the French all you want They work less, they look great and now it turns out that the French – and citizens of six other countries - are richer than us, too. http://lifeinc.todayshow.com/_news/2...nal-wealth-gap __________________ Insert free thought here.

10-25-2010, 06:00 AM	#2
nhgunnut gun totin redneck Join Date: Apr 2008 Location: South West New Hampshire Moto: turbo busa 999 Duc Goldwing & Victory Posts: 1,130	They are also lazier , more entitled and there standard of living is in decline. Apart from that I ad mire what they have done with Health Care (not Health Care Insurance) __________________ Evolution requires a body count, Count or be Counted!

10-25-2010, 06:05 AM	#3
Avatard Crotch Rocket Curmudgeon Join Date: Nov 2008 Location: Here to integrity Moto: Li'l red baby Ninja Posts: 7,482	Their standard of living is just fine, and in fact, better than ours. They work less hard, take care of their own (health), even send their kids to college, and STILL live better, and make more money. Taking care of your own isn't just the right thing to do, it's a sound strategy for success, apparently. __________________ Insert free thought here.

10-25-2010, 11:12 AM	#10
Avatard Crotch Rocket Curmudgeon Join Date: Nov 2008 Location: Here to integrity Moto: Li'l red baby Ninja Posts: 7,482	Yeah, me too, come to think of it. But the fuckers are kinda kicking our asses. __________________ Insert free thought here.

10-25-2010, 10:08 AM	#5
t-homo WSB Champion Join Date: Feb 2008 Location: Springfield, MO Posts: 7,146	Because America is slowly turning into trash.

10-25-2010, 10:26 AM	#6
goof2 AMA Supersport Join Date: Feb 2009 Posts: 4,756	I suspect much of the issue for the US in those rankings is due to our real estate market. Somewhere around 30% of mortgages in the country are for more than the house is now worth (in too many cases it is for way more). When the largest single "purchase" most people make becomes a large liability for many it will effect the average net worth for the population. It also doesn't help that all the countries that are "ahead" of us have older median population ages than the US does. For some countries it is as little as a year, others are up around five years. Older people tend to save more and have less debt. I'd also agree with Paul that there is probably something else going on here. The article mentions the Swiss number increasing by 60% but misses both Australia and Norway jumping 300% in ten years. A compounded annual growth of 12% over 10 years indicates there are other factors affecting the numbers than just saving and paying off debt. Either way the problem for the French isn't with personal finances, it is their government's finances. Government spending in France is more than half the country's total GDP, and they reach that level with deficit spending. That is not a sustainable model.