The obvious question to close off this series is “How can Sweden afford those benefits?” Of course a part of that answer it through relatively high taxes. But how high is that? Sweden does have the highest top marginal rate among OECD countries at about 56%. In The US The highest marginal tax rate in the US is about 35% but there are many tax … Continue reading InDepth – US vs Sweden Post #6 – Taxes & Closing Thoughts
This is part 5 of a 6 part series trying to see what we might learn for Sweden. Unemployment Benefits In the USBenefits varies depending on the State you live in. Most States allow you to collect up to 26 weeks of benefits and then you are on your own. Collecting benefits requires weekly check-ins with an agency representative to make sure you are actually … Continue reading InDepth – US vs Sweden Post #5 – Unemployment & Income Equality
This is part four of a series on what the US might learn from Sweden. This week we will talk about wages and pensions. Wages In The US 43% of US workers earn less than $15/hour while the top 33% earn more than $100,000/year and the top 10% make more than $200,000 (that’s $100+/hour). A McDonald’s employee makes an average of $8.90/hour. The US federal … Continue reading InDepth – Sweden Post #4 – Wages/Pensions
This week we will concentrate on two major costs in the family budget in the US and compare how much Sweden pays for the same thing. Medical Care In the USThe average cost per family for a year of health insurance is $15,400.The average out-of-pocket annual household expense is $5,000.Medicine alone accounts for about $1,400 per person per year.The total US medical costs per person … Continue reading InDepth – Sweden – Post #3: Medical Care, Transportation
I am going to do something with this post that I don’t often do and that is to give you a major portions of an article from Psychology Today magazine about Greta Thunberg. She is one amazing young woman.