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is there anything that lists which country pays the most yet u spend less. i noticed this in usa, for example, u get paid more than europe, but things cost alot less. —The preceding unsigned comment was added by 86.139.204.43 ( talk) 17:28, 29 January 2007 (UTC).
This article could really use some references to cost of living comparisons between cities and countries.
The inflation index that's currently used by the Social Security Administration is based on the way young, urban workers spend their money, using the Consumer Price Index for Workers (CPI-W). That inflation index doesn't fully account for the portion of income that older Americans must spend on health care, and it doesn't include any Medicare costs at all because younger workers are not enrolled in the program. The CPI-W assumes Americans spend 5.6% of their income on medical care, while the CPI-E (the index that tracks the spending inflation of the elderly) assumes older Americans spend 11.3%. The CPI-W fails to capture one the fastest-rising costs for seniors -- Medicare Part B premiums. As a result, the Social Security COLA doesn't reflect the actual spending inflation seniors experience.
I added those tags. The first for "most economists..." which was then followed by a statement that I know to be false for the last ten years in the US, but which may be true overall, however there is no citation proving it one way or another. —Preceding unsigned comment added by Skintigh ( talk • contribs) 21:41, 23 March 2010 (UTC)
The 2013 results are out and there are changes to those released in 2012. Thus the "latest" information as provided by Wikipedia is in fact incorrect. 220.132.57.42 ( talk) 15:39, 4 February 2013 (UTC)
This article is rated Start-class on Wikipedia's
content assessment scale. It is of interest to the following WikiProjects: | |||||||||||||||||||||
|
is there anything that lists which country pays the most yet u spend less. i noticed this in usa, for example, u get paid more than europe, but things cost alot less. —The preceding unsigned comment was added by 86.139.204.43 ( talk) 17:28, 29 January 2007 (UTC).
This article could really use some references to cost of living comparisons between cities and countries.
The inflation index that's currently used by the Social Security Administration is based on the way young, urban workers spend their money, using the Consumer Price Index for Workers (CPI-W). That inflation index doesn't fully account for the portion of income that older Americans must spend on health care, and it doesn't include any Medicare costs at all because younger workers are not enrolled in the program. The CPI-W assumes Americans spend 5.6% of their income on medical care, while the CPI-E (the index that tracks the spending inflation of the elderly) assumes older Americans spend 11.3%. The CPI-W fails to capture one the fastest-rising costs for seniors -- Medicare Part B premiums. As a result, the Social Security COLA doesn't reflect the actual spending inflation seniors experience.
I added those tags. The first for "most economists..." which was then followed by a statement that I know to be false for the last ten years in the US, but which may be true overall, however there is no citation proving it one way or another. —Preceding unsigned comment added by Skintigh ( talk • contribs) 21:41, 23 March 2010 (UTC)
The 2013 results are out and there are changes to those released in 2012. Thus the "latest" information as provided by Wikipedia is in fact incorrect. 220.132.57.42 ( talk) 15:39, 4 February 2013 (UTC)