The article chooses to take a metric that you usually do not see much: GDP per employee and per hours worked, at purchasing power standards
I get the impression that the young people in the West are, in general, poorer than their parents were.
Definitely true, but valid on both sides of the Atlantic, there were a few articles on !personalfinance@lemmy.ml about cars and houses becoming unaffordable in the US
That is true for Southern and Western EU, but not for Eastern EU though. I grew up in the 90’s. I am already richer than my parents were back then and it is true for almost everyone in my age group that I I know.
Oh yeah, definitely. I had a Romanian colleague who moved to Western Europe to give it a try. He went back to Romania after a few months, and when he explained me the way he was living there, I couldn’t but understand.
Yep. Some people go to western countries, work a few years and save everything they can to make the initial mortgage payment back home. Western people don’t have that option.
Sure we do (moving to the East with some capital, I mean)
Ah yes, welcome to Kalabybiškės, your monthly mortgage payment is 69 euros.
