David Megginson on Nostr: False: Americans earn more than Canadians. Mean (average) income in the U.S. was ...
False: Americans earn more than Canadians.
Mean (average) income in the U.S. was $73,370 in 2021, compared to $52,960 in Canada (73% as much).
However, median income in the U.S. (PPP) was USD $19,306 in 2021, compared to $18,652 in Canada (97% as much).
Mean income in the U.S. is likely distorted by a few uber-rich people; for pretty-much everyone, incomes are essentially identical between the two countries.
https://www.worlddata.info/average-income.php
https://worldpopulationreview.com/country-rankings/median-income-by-country
#income #stats #Canada #USA
Mean (average) income in the U.S. was $73,370 in 2021, compared to $52,960 in Canada (73% as much).
However, median income in the U.S. (PPP) was USD $19,306 in 2021, compared to $18,652 in Canada (97% as much).
Mean income in the U.S. is likely distorted by a few uber-rich people; for pretty-much everyone, incomes are essentially identical between the two countries.
https://www.worlddata.info/average-income.php
https://worldpopulationreview.com/country-rankings/median-income-by-country
#income #stats #Canada #USA