> I would like to live in a society where there's no hard ceiling on what you can achieve if you have the competency and some luck
Then EU > US. In the EU most people have a shot at this, with free education and possibilities. In the US your chances are mostly tied to your parents' status.
> It feels like there's very little social mobility in Europe compared to the US
Maybe from middle class -> very rich. But from poor -> middle class Europe is absolutely better.
> Then EU > US. In the EU most people have a shot at this, with free education and possibilities.
Not with very low salaries and even more unaffordable real estate than in the US. Yes jumping from “lower” to “middle” class seems to be generally easier in Europe but the likelihood that you’ll just get stuck there is much higher.
> In the US your chances are mostly tied to your parents' status
Inherited wealth is as if not more important in Europe. Because while yes free education etc. give you more possibilities the ceiling of how high can you go up on your own is also generally much lower.
Define “worse” - in the eu they work less, have more vacation, better social safety net, great food transit, less crime less rape less murder, better healrhcare outcomes, and I think rank higher on happiness
In the us they might have more money (to then spend on healrhcare etc)
There is not less crime across the board, the food has little diversity in individual countries and is completely subpar in certain countries (looking at UK).
The transit is trash anywhere that you can actually afford to own property. The healthcare outcomes you mentioned are going to need a citation because the middle class in the US generally has OK insurance.
For happiness, that’s vague and will need a citation. Putting the entire US on a comparison with individual EU countries is dumb, but that’s how it’s sliced in https://en.wikipedia.org/wiki/World_Happiness_Report where the US is beat by many EU countries and beats others (e.g. Spain and Italy).
Mainly low income and unaffordable real estate (compared to the US)? I mean it depends, depending on where you live and where you go to crime is not necessarily such a big issue in the US. Healthcare outcomes are also heavily variable and depend a lot of income (and I’ not talking about the “1%”) but can be just as good or better in the US.
If you’re below the average (income/wealth wise) and have other disadvantages you might certainly be better off in Europe. Otherwise (inherited wealth aside) US might be a better place to be depending on your personal preferences and priorities.
>Then EU > US. In the EU most people have a shot at this, with free education and possibilities.
This comparison only works at birth, or maybe up to teens. We are, most likely, working professionals here. With a degree and fairly established position. Becoming a millionaire is still a monumental task. However at this baseline US is much easier.
Pretty easy really. But what does being a millionaire actually mean in terms of what you can do with your life?
Is your goal really “become a millionaire”? Not “have the ability to see the world” or “live in a nice house with kids an a dog”, just “have 7 figure on a spreadsheet of what I have managed to accumulate”
>just “have 7 figure on a spreadsheet of what I have managed to accumulate”
7 figure on a spreadsheet enables a lot.
An unregistered savings account in one of Canadian banks (just a point of reference, not sure if US has better) currently offers 4% yearly. That's 40k a year off the million. Enough to retire with kids in a LCOL country or travel year round as a nomad with a base in LCOL country.
Build a little bit more wealth and all those LCOL options turn into MCOL. E.g. northern Italy.
All while just being a working professional. It'd be unheard of in Europe to have this kind of options after just a couple years of work.
Then EU > US. In the EU most people have a shot at this, with free education and possibilities. In the US your chances are mostly tied to your parents' status.
> It feels like there's very little social mobility in Europe compared to the US
Maybe from middle class -> very rich. But from poor -> middle class Europe is absolutely better.