How can the average family survive in Italy

The average Italian wage is 22,002 euros a year. How is it even possible for them to live in a city like Rome or Florence with an annual income of 22k a year when apartments go for 1000 euros a month?

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very simple if you think about it

average italian don't live in rome

Rome isn't only the pretty tourist places. On the outskirts there are plenty of desolate concrete blocks full of drug addicts and unemployed runts where you can get an appartment for 300.

I just dont understand how the average Italian person is supposed to get ahead financially while making poverty wage levels

this. Same apply to every capital in the world.
the average american probably couldn't afford as well to live in NY norSan Francisco

>apartment for 300€
You fucking wish

That's literally impossible unless you live 30km from the city center, hardly Rome.

The average italian doesn't live in Rome, Milan or Florence. The average wage in the said cities is way higher.

Also, 1000€ a month for a flat is a lot, you can get 700€ rent for a flat for one or two people in a semi-central area.

Pic related average salary in the respective province.

But how will someone ever retire earning 30000 euros a year?

Europeans don't need that much retirement funds like us

Public pensions

It's called socialism and it will crash soon.

What are those like? Can you live decent ? Here we have a system but I think it pays peanuts and a lot of people have separate accounts and pensions set up.

what's the median US wage ?
I don't think it can be higher than 60K

56000 usd
cnbc.com/2017/08/24/how-much-americans-earn-at-every-age.html

You are getting pretty much what you got as a salary from the state when you were working when you pass the legal age and have worked a sufficient number of year.

That's kinda how it's work.

damn I was pretty spot on
it seems pretty close to 30K for european system where you don't have to pay for medicall bills / pensions / etc (as it is in France)

it can be in some cases even worse , people who retire making only 60k or less will get fucked in the ass when paying medical bills.

What do you mean?

For a household or single earner?

Among all households it's $59,000 as of September 2017.

merica

I don't get it. If half your salary goes to rent, you still have another half to spend on food.

It's not life of luxury, but certainly you can make do.

>it seems pretty close to 30K for european system where you don't have to pay for medicall bills / pensions / etc (as it is in France)
Most people have their medical bills and pensions covered mostly by employers.

83% of us workers make less than 56k a year.

Average italian family owns his house, no rent to pay

30000 is nothing

Pic related. Anyway, if you earn 3k a month, you have a pretty great lifestyle.

Poor people in france don't pay for education, many leasure activities, healthcare,sometime public transports etc...
And the state give them money

Net disposable income for the average American household is about $45,000 compared to the $30,000 typical in Western Europe.

oecdbetterlifeindex.org/countries/united-states/
oecdbetterlifeindex.org/countries/france/
oecdbetterlifeindex.org/countries/united-kingdom/

43% of US workers make less than $15 an hour or 26k.

>Poor people in france don't pay for education, many leasure activities, healthcare,sometime public transports etc...
Neither do poor Americans. A lot of them are just too dumb to make use of their benefits or simply don't know what they're entitled to apply for.

didn't you read this thread , that difference goes to public pensions,healthcare , free universities ....

Retarded nigger show me your income.

>that difference goes to public pensions,healthcare , free universities ..
The average American doesn't spend anywhere near 10,000 per year on insurance and retirement, not even close. And American universities are basically free for everyone who isn't upper middle class. At my alma mater for example, a pretty good state school, 60% of the students paid no tuition at all.

Also the USA has more college graduates than any country in Europe and their best students go to American universities.

I hate all these delusional chauvinist poor retarded larpers who say average US worker makes 50k a year.

That's exactly why many people move to Marino, Pomezia etc.

Because Italians are wealthier than Americans.

>Italians nearly three times as wealthy as Germans
meme metric

Average in Italy, not Rome. Urban concentrations usually have higher wages, besides other factors, such as regional differences. Your question was rather strange, to say the least.

The chart, shown above, shows that 19% of workers make less than $12.50 per hour, 32% of workers make between $12.50 and $20 per hour, 30% make between $20 and $30 an hour, 14% make between $30 and $45 per hour, and 5% make over $45 an hour.

51% of ALL the US makes less than $20 an hour, 81% make less than $30 an hour, 95% make less than $45 an hour.

Most of wealth is likely a real estate, and vast majority of Germans don't own houses, they rent.

95% of US workers make less than 76k.

Not paying 12,000 yearly on rent isnt wealth?

Nur Nieten mieten.

not sure what you mean

Owning your own place gains you 12,000 dollars yearly.

>the average american probably couldn't afford as well to live in NY
It sucks on many levels. I'm just here for work.

yes, and?

The opportunity cost of owning can be quite high though

Here, if you buy a house for the purpose of renting it to other people, it takes ~10 years before the investment returns itself.

After including the costs of ownership, the return on real estate tends to be worse than stocks. And for a much less liquid asset with a lot of idiosyncratic risk

They don't pay rent because they own a house or live with their parents, still.

They are more frugal, in general, more prone to save than to waste money on mindless consumerism. This is true of all of Europe, compared to America.

For example, for personal transport, they use a scooter or a tiny car, both cheap to buy and cheap to run.

The housing market in America is way more volatile than in Europe.

The risk is actually very low, in places where housing has always been a problem because of huge population densities.

This is mostly because the scarcity is less artificial. For example where I live, the plot of land is what costs the most, not the actual house on it.

That's how it is in all urban areas. The problem is all the rules out there limiting how effectively we can economize on land consumption by building up instead of out. In the US this problem is mostly limited to a few places (New York, coastal CA, Boston and Seattle to a lesser extent). More common in Europe I think; look at how expensive the UK is even compared to California