CAVOK@lemmy.world to Europe@feddit.orgEnglish · 1 day agoEconomist explains why Europeans are getting poorer... and happier.youtu.beexternal-linkmessage-square26fedilinkarrow-up133arrow-down15file-text
arrow-up128arrow-down1external-linkEconomist explains why Europeans are getting poorer... and happier.youtu.beCAVOK@lemmy.world to Europe@feddit.orgEnglish · 1 day agomessage-square26fedilinkfile-text
minus-squaredrspodlinkfedilinkEnglisharrow-up36·1 day agoTLDW: GDP is not a good metric on its own for comparing wealth, you need to account for purchasing power of the currency (PPP).
TLDW: GDP is not a good metric on its own for comparing wealth, you need to account for purchasing power of the currency (PPP).