Hi Tom, thanks for stopping in.
I happen to work globally - with the highest subset of wealth in the world. Its kind of my job and passion.
Europeans are, in fact, poor. And its increasingly difficult to gain and maintain wealth.
Mass removal of wealth happens daily.
Europe has wage caps and hour caps as well - limiting how much someone can work in a week, thus limiting their income.
Employers are not encouraged to hire better, but keep and maintain the mediocre.
Employees are encouraged to put minimal effort in and not exceed expectations.
Furthermore, Eurogrowth has been abhorrent - 1.5% per year across sectors adjusted for inflation.
The rules and regulations prevent innovation, makes it impossible to own or start business, and only a few places keep it afloat - like Belgium.
Like it or not, Europeans are getting comfortably poorer compared to countries in Asia, North America (excluding Canada), and South America.
Brazil and Argentina are doing better than the EU post COVID... That is, telling in itself.
You read a post complaining about too many sports cars on European roads as an indication that the continent is poor?