Britons now richer than Americans

Discussion in 'Current Events' started by Queso, Jan 7, 2008.

  1. Queso Suspended

    Mar 4, 2006
    Listen up people of North America*. According to this article over at the BBC (who of course will be completely impartial on the subject matter), it appears your old Colonial masters have risen once again to our rightful place as your superiors and can now cheerfully wave our Sterling in your miserable Dollar-earning faces. To quote:-

    I hope you're all happy with your new lowly status, and you can always console yourselves by repeating the mantra that money isn't everything and reorganising your society into some form of collective communes or something. Meanwhile we will of course be glad to throw you some loose change next time we step over you after an evening quoffing Verve at the opera. I bet you all wish you'd let the tea stay on the boat now don't you? :p

    * Canadians and Latin Americans excepted
  2. Big-TDI-Guy macrumors 68030


    Jan 11, 2007
    Great, now fix those sodding teeth of yours. Bloody Wankers. ;)
  3. dukebound85 macrumors P6


    Jul 17, 2005
    5045 feet above sea level
    let me know when your economy and military power exceed ours haha
  4. wordmunger macrumors 603


    Sep 3, 2003
    North Carolina
    Unfortunately for you brits, everything is so much more expensive there that you lose your advantage.

    I suggest touristing in the U.S. Clearly we need your money ;)
  5. synth3tik macrumors 68040


    Oct 11, 2006
    Minneapolis, MN
  6. GFLPraxis macrumors 604


    Mar 17, 2004
    I'm rather surprised by this, actually. Probably just the area I live in though. Spokane probably has one of if not the lowest cost of living of pretty much the whole country...and while it's not a bad place, it has a pretty bad hobo problem (bums and homeless), tons of meth (which is why there are so many homeless, they're almost all druggies) and I see quite a bit of poverty.

    I've been over to Britain and I see tons and tons of fancy expensive cars everywhere I go, while the nicer cars over here are rarities.

    Add into the fact that the pound is worth far more than the dollar, I'd always assumed the average British person carried more money than the average American person (although the cost of living there is considerably higher so the Briton isn't necessarily "richer").

    I'm curious if the fact that we have a number of absurdly rich people over here (Bill Gates, for example) skews the results at all, if they're taking averages.

    I await and expect the replies telling me how wrong I am :D
  7. SkyBell macrumors 604


    Sep 7, 2006
    Texas, unfortunately.
    Pssh, whatever, I was planning on moving to Canada anyway.:)
  8. mcarnes macrumors 68000


    Mar 14, 2004
    USA! USA!
  9. miloblithe macrumors 68020


    Nov 14, 2003
    Washington, DC
    Well, this is based on "real" GDP, meaning the exchange rate determines it. So the UK's rise relative to the US is due almost entirely to the dollar's decline, not in any large increase in UK's GDP.

    As the article notes, in terms of PPP, the US is still far ahead (for the timebeing).
  10. John Jacob macrumors 6502a

    John Jacob

    Feb 11, 2003
    Columbia, MD
    I wouldn't say the US is far ahead. According to Wikipedia, the US is at fourth place by purchasing power parity, with a PPP adjusted per capita income of $43223. The UK is at the 13th place, with a PPP adjusted per capita of income of $35486. Luxembourg is in first place, with a PPP adjusted per capita of income of $81511. Now that's far ahead! :eek:
  11. ezekielrage_99 macrumors 68040


    Oct 12, 2005
    But the US has George Bush, so I'm guessing the UK wins that argument :confused:
  12. dukebound85 macrumors P6


    Jul 17, 2005
    5045 feet above sea level
    to Luxemburg i go! lol jk

    hey now President Bush isn't bad

    now if you said gates, i would have understood
  13. danidoll521 macrumors regular

    Oct 30, 2006
    I would unfortunately have to agree that the UK wins that sad, but true. :(
  14. CalBoy macrumors 604


    May 21, 2007
    Luxembourg is an unusual case because the country's workforce largely commutes in. Luxembourg also has an extensive banking industry (larger than its proportional share should be). If we go to the next country after that (and the several after it) the numbers are very close (between the high $30 thousands and mid $40 thousands).
  15. Macaddicttt macrumors 6502a


    Apr 22, 2004
    San Diego, CA
    I've never been to the UK, but it sounds like you're comparing Spokane to London. Spokane is nowhere near indicative of the nation's wealth. It very much depends where you are as to whether or not you see expensive cars often or not. Here in San Diego, BMW, Mercedes, and Porsche are quite common makes of car. And when I'm in Washington, it's not terribly uncommon to see a Bentley or Aston Martin every once in a while. I think what you're seeing isn't that the UK is richer than the US, but probably that wealth in the UK is far more evenly distributed than in the US.
  16. Dagless macrumors Core


    Jan 18, 2005
    Fighting to stay in the EU
    Here in Saddleworth the pro footballers all drive them big fancy cars, but it's no measure for the whole country. Getting the bus into Manchester and it goes through some pretty terrible areas.

    That's the beauty of the UK. The accent, wealth, styles and tastes all change by street.
  17. soemochris macrumors member

    Dec 13, 2007
    we dont have George Bush

  18. psychofreak Retired


    May 16, 2006
    Military power? Neither country has been successful in that field recently...
  19. Crawn2003 macrumors 6502

    Jul 8, 2005
    Santa Rosa, California
    Wow, took you guys long enough... :p

    I don't know that saying you're better than Americans is that much of a victory. I'm from America (Ohio) but my China made toothpick is better than America.

    Our only saving grace at the moment is that in 11 months time, we may be back on the road to recovery...

    I really don't hold America in that high regard anymore. I lost my Patriotism after this whole "Iraq/Afghanistan/Iran/Still Can't find Bin Laden/Patriot Act that takes away rights/Almost a Police State/America is the Police of the world" thing

  20. MacNut macrumors Core


    Jan 4, 2002
    But the UK has Prince Charles, And some soccer type sport. Score one for America.:p
  21. Killyp macrumors 68040


    Jun 14, 2006
    Yeh but we have Jeremy Clarkson, and as much as Steve Jobs owns most other people, Jeremy Clarkson is much betterer. :D
  22. MacNut macrumors Core


    Jan 4, 2002
    Who is that, Kelly's brother?
  23. Queso thread starter Suspended

    Mar 4, 2006
    LOL. Forgot about Kelly Clarkson. That's another minus one for you :p
  24. soemochris macrumors member

    Dec 13, 2007

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