Is EU richer than the US ? For those of you who know both country - continents, is the EU richer than the USA from the point of view of the general wealth and well being of the majority of the population ? I know the statistics say the US is very rich, but the real day to day life of Americans seem much poorer from a real life experience point of view. Am I wrong ? I list why : 1) Free health care in the EU, don't have to worry too much if you get sick. In the US if you are laid off you may lose health insurance that doesn't even cover all things, so constant fear and worry. And many companies want to get rid of all health expenses, so you pay all in the end which could be more than 200 dollars a month etc. 2) Job security is higher in the EU, the unions have more power, the system seems to have more protection, the hire , fire system is much softer in the EU. In the US anyone can get fired at any moment for any reason at all, even no reason. So the system is very "free" as hire and fire, but takes a high toll on stress, etc. 3) College education is almost free, costs very little. In the US you pay much more compared to the EU, at least 2,000 dollars a year. Then there is never any guarantee that your "skills" aren't worthless and "out of date", hence back to school, etc. 4) Taxes in the US are actually quite high and just about as high as EU. Property taxes, and others do add up to the Eu of almost 30%. 5) The US pensions are lower, even much lower and there is no security in what you will get. The US may give 1,000 dollars a month for 30 years labor (social security), the EU is higher, maybe 1,300 dollars. 6) Home prices in the US are coming close to being as expensive as the EU. In the EU an average house is about 250,000 dollars and the US is about there. With much worser build quality of European homes. US McMansions seem to almost fall apart because of bad build quality, the EU is all stone - concrete (but much smaller homes). 7) No vacations for American workers, the EU has almost 2 months. The American workers fear being a slacker and getting fired - laid off if they take any time off hence worry - stress. Just some ideas, but all and all the EU seems to have a higher standard of living working less hours and enjoying. I know it is a complex debate but do any of you know both places and have any ideas ?