Anonymous wrote:Work isn’t the most important thing in life. If you don’t know that now, you’ll likely realize it on your deathbed.
+1.
European work culture has it right.
Not if you want to actually earn money.
Incorrect. My entire family is in Europe and they make really good money. My H works for an international company and the European are getting paid very well. Americans are buried in debt, the net worth here is actually pretty low.
Exactly. Most Americans have been sold this BS that you have to hustle non-stop in order to make money because that's the only thing that matters in life. Europeans in general have a much better sense of balance and their lives on average are much better than those living in 4000 sq ft houses in the US
If you say so. I personally don’t want to work 5 fewer hours a week so I can cram my entire family into a tiny house. Make fun of large American homes all you want, but they are way more comfortable, and pretty much every European would buy a larger home if they could afford it.
But ask them if they'd give up their work life balance for that bigger paycheck and house, and most would say no. Look at the happiest countries in the world. US doesn't even break the T20. Countries with generous leave make the Top20.
Eh those studies are biased and heavily dependent on how people consider happiness and what their standard is.
so, Americans have more sh&+ but they are still unhappy, work too much, and complain a lot compared to those other countries. Got it.
Don't forget fat. And all that sh* is poor quality. Working 10 hours, commuting 2 more so you can buy polyester at Macy's and overpriced diabetes medication. Don't get me started on the quality of the housing.
Have you even known any Europeans personally? Because I have and I don’t get the impression their lifestyle is much, if at all, better. I’ll give you they eat healthier food and there are fewer overweight people, but I myself am not friends with anyone who is grossly overweight and most people I know eat a healthy diet.
My European friends struggle with the same things as Americans and appear to have a lot less disposable income. What stands out the most is that two white collar professionals have a very limited income that doesn’t allow for outsourcing of any kind. So while they may have an extra 2 weeks of vacation than I do, they can’t afford to go out to dinner as a family, spend their extra time cleaning their house, and vacation by traveling to less expensive locations like Spain. My lifestyle looks opulent compared to theirs and almost embarrassing when they ask me questions about it.
It’s also anecdotal but my European friends appear to have a lot less flexibility at work. I get the impression it’s much more clock in/out mentality and the need to meet every rule, but not a common sense approach to work.
A lot of the advantages they have you could also apply here. You could live in a 1,100 square foot home and commute to work via bus or bike. You could shop at farmers markets and buy less stuff. Here you have the choice.
You have no idea what you’re talking about. I am European who grew up there and whose sister still lives in Italy. My sister and her husband work and make a lot less than I do, but they take a couple of vacations every year, have a house, two cars. They also have an amazing health system, much better food, they come home for a couple of hours every day for lunch, spend a lot more time with their child.
No, they don’t hire someone to clean their house, or to mow their lawn, but it’s hardly a justification for the hamper wheel we have here. I lived and worked in both, you make more money here but at a great cost.
Also lived in Western Europe (and at one point Eastern). Agree with this sentiment completely.
The capitalist mindset is very focused on false “choice,” IMHO. And it’s not made anyone any happier or healthier in this country.
But downside they are stealing from their children and grandchildren to fund the lifestyle. Meaning my old boss in Germany with Free Healthcare, a great pension from Work, beach house, an amazing rent controlled house has great cash flow but nearly all his assets die with him.
The Pension stops, rent control apt stops, his beach house is actually a family house owned by MIL which is communal so cant pass to his kid. He only had one kid.
In the US He would own at time of death, his own primary home mortgage free, his beach house mortgage free, had a large amount of 401k/IRA/Savings Account money save due to higher income. Maybe 2-4 cars or boat. The US is focused on Assets. Plus in Europe next to US the percentage of people who own stocks and real estate is way less. The 16 years has been a massive run up in Real Estate and Stock Prices. My relatives in Europe for instance missed the boat on that as well did a lot of my older european co-workers.
A plan old mid level VP in a Bank in US in DC area is retiring at 65 with two million in 401k/IRAs and a 1.5 million dollar home paid off. That's before any other savings. That 3.5 million would be shocking to a European for a bank VP to have. And if that bank VP dropped dead day one of retirement his wife and kids get it. My old boss with his rental and defined pension lives the high life but he is really passing on nothing much to next generation.
So we should all work like machines to plan for our deaths?
yes in fact. My parents did, they worked like dogs in Europe to get to the USA to have a better life for their kids. They would have been better off staying in long run for themselves. But they got here separately, met and raised 4 kids who all have grad degrees, who all got married, had kids and all bought houses and putting all the kids through college. I am only first generation American but I expect by time my kids have kids they will be summering in Hamptons, Skiing in Aspen, Going to Ivy League schools. Maybe be President of the United States or win American Idol or cure cancer who knows. But if my parents never left their country and met there and had us four kids would have set us back several generations.
Which of the 50+ countries did they come from? That makes a huge difference on whether or not they would have been better off.
Well I live in a two million dollar home and have a beach house and new cars in the driveway. Highly doubt my homeless 6th grade educated parents could have got me very far had they stayed in Europe. I say homeless as one was one of eight the other was one of five. Only the oldest son inherits house and rest must get out. My Mom got kicked out of home at 12. My Dad at 14. In the US got HS degrees at night, bought a house, raised four kids how is that possible in Europe it is not.
Instead they get cheap medical, can go on the dole I guess and sit in a pub drinking pints and smoking and dying young like all my uncles did.
It’s commendable that your parents and family have done so well in the US. But do you understand that not everybody wants to summer in the Hamptons or ski in Aspen? The fact that some people may be happier with less material wealth does not negate the fact that you are very happy with what you have. In fact, there are probably people on both sides of the Atlantic who would be happier if they could swap lives with each other. Nothing wrong with that.
It is irrelevant parents happiness once you marry and have kids. Don't marry or have kids if you want to lay around all day and relax. My one uncle was a lazy bone and he just raised very bitter kids who had to pay their own way through college, left them a near worthless run down shack upon death. He should have not had kids. He put his kids behind a generation or two. My other Uncle worked hard once he had kids, sent them to Law School, Medical School etc set them up for success in life. He was buying stocks and reading Wall Street Journal back in 1960s and 1970s while my other uncle was laying on sofa.
Watch the show Sirens btw and it boils down in life the only thing that matters is will your kids be at your deathbed and did you set your kids and grandkids up for success in life. Nothing else matters. Most of my European relatives have not done that. They are more interested in having a small amount of kids and retiring earlier and could care less about paying for college, buying the kid a car, paying for wedding, leaving an inheritance. Sets kids up for a harder life just so Daddy can drink beers in the pub every night.
I am 100% sure you have no European relatives.
Signed,
An actual European
Funny I was on a flight to Europe last year and lady next to me was from Europe on vacation in US. She lived near where some of my first relatives lives She then made a snotty remark you Americans always think cause your family immigrated from Europe years ago that somehow we might know your relatives. I then said well I have 30 first cousins who live near your and 16 Uncles and Aunts. She then went damm I only have 5 first cousins. I have been to Europe 12 times and going in two week. I have worked for European companies around 15 years of career in the US. It is boring over there.
What is this weird insistence with always saying Europe? Surely you must know that there is a world of difference between Norway and Albania. Why act like Europe is a monolith, as if it's the US with a bunch of states?
I mean there are huge differences between New York, South Dakota, and Mississippi…
Anonymous wrote:Work isn’t the most important thing in life. If you don’t know that now, you’ll likely realize it on your deathbed.
+1.
European work culture has it right.
Not if you want to actually earn money.
Incorrect. My entire family is in Europe and they make really good money. My H works for an international company and the European are getting paid very well. Americans are buried in debt, the net worth here is actually pretty low.
Exactly. Most Americans have been sold this BS that you have to hustle non-stop in order to make money because that's the only thing that matters in life. Europeans in general have a much better sense of balance and their lives on average are much better than those living in 4000 sq ft houses in the US
If you say so. I personally don’t want to work 5 fewer hours a week so I can cram my entire family into a tiny house. Make fun of large American homes all you want, but they are way more comfortable, and pretty much every European would buy a larger home if they could afford it.
But ask them if they'd give up their work life balance for that bigger paycheck and house, and most would say no. Look at the happiest countries in the world. US doesn't even break the T20. Countries with generous leave make the Top20.
Eh those studies are biased and heavily dependent on how people consider happiness and what their standard is.
so, Americans have more sh&+ but they are still unhappy, work too much, and complain a lot compared to those other countries. Got it.
Don't forget fat. And all that sh* is poor quality. Working 10 hours, commuting 2 more so you can buy polyester at Macy's and overpriced diabetes medication. Don't get me started on the quality of the housing.
Have you even known any Europeans personally? Because I have and I don’t get the impression their lifestyle is much, if at all, better. I’ll give you they eat healthier food and there are fewer overweight people, but I myself am not friends with anyone who is grossly overweight and most people I know eat a healthy diet.
My European friends struggle with the same things as Americans and appear to have a lot less disposable income. What stands out the most is that two white collar professionals have a very limited income that doesn’t allow for outsourcing of any kind. So while they may have an extra 2 weeks of vacation than I do, they can’t afford to go out to dinner as a family, spend their extra time cleaning their house, and vacation by traveling to less expensive locations like Spain. My lifestyle looks opulent compared to theirs and almost embarrassing when they ask me questions about it.
It’s also anecdotal but my European friends appear to have a lot less flexibility at work. I get the impression it’s much more clock in/out mentality and the need to meet every rule, but not a common sense approach to work.
A lot of the advantages they have you could also apply here. You could live in a 1,100 square foot home and commute to work via bus or bike. You could shop at farmers markets and buy less stuff. Here you have the choice.
You have no idea what you’re talking about. I am European who grew up there and whose sister still lives in Italy. My sister and her husband work and make a lot less than I do, but they take a couple of vacations every year, have a house, two cars. They also have an amazing health system, much better food, they come home for a couple of hours every day for lunch, spend a lot more time with their child.
No, they don’t hire someone to clean their house, or to mow their lawn, but it’s hardly a justification for the hamper wheel we have here. I lived and worked in both, you make more money here but at a great cost.
Also lived in Western Europe (and at one point Eastern). Agree with this sentiment completely.
The capitalist mindset is very focused on false “choice,” IMHO. And it’s not made anyone any happier or healthier in this country.
But downside they are stealing from their children and grandchildren to fund the lifestyle. Meaning my old boss in Germany with Free Healthcare, a great pension from Work, beach house, an amazing rent controlled house has great cash flow but nearly all his assets die with him.
The Pension stops, rent control apt stops, his beach house is actually a family house owned by MIL which is communal so cant pass to his kid. He only had one kid.
In the US He would own at time of death, his own primary home mortgage free, his beach house mortgage free, had a large amount of 401k/IRA/Savings Account money save due to higher income. Maybe 2-4 cars or boat. The US is focused on Assets. Plus in Europe next to US the percentage of people who own stocks and real estate is way less. The 16 years has been a massive run up in Real Estate and Stock Prices. My relatives in Europe for instance missed the boat on that as well did a lot of my older european co-workers.
A plan old mid level VP in a Bank in US in DC area is retiring at 65 with two million in 401k/IRAs and a 1.5 million dollar home paid off. That's before any other savings. That 3.5 million would be shocking to a European for a bank VP to have. And if that bank VP dropped dead day one of retirement his wife and kids get it. My old boss with his rental and defined pension lives the high life but he is really passing on nothing much to next generation.
So we should all work like machines to plan for our deaths?
yes in fact. My parents did, they worked like dogs in Europe to get to the USA to have a better life for their kids. They would have been better off staying in long run for themselves. But they got here separately, met and raised 4 kids who all have grad degrees, who all got married, had kids and all bought houses and putting all the kids through college. I am only first generation American but I expect by time my kids have kids they will be summering in Hamptons, Skiing in Aspen, Going to Ivy League schools. Maybe be President of the United States or win American Idol or cure cancer who knows. But if my parents never left their country and met there and had us four kids would have set us back several generations.
Which of the 50+ countries did they come from? That makes a huge difference on whether or not they would have been better off.
Well I live in a two million dollar home and have a beach house and new cars in the driveway. Highly doubt my homeless 6th grade educated parents could have got me very far had they stayed in Europe. I say homeless as one was one of eight the other was one of five. Only the oldest son inherits house and rest must get out. My Mom got kicked out of home at 12. My Dad at 14. In the US got HS degrees at night, bought a house, raised four kids how is that possible in Europe it is not.
Instead they get cheap medical, can go on the dole I guess and sit in a pub drinking pints and smoking and dying young like all my uncles did.
It’s commendable that your parents and family have done so well in the US. But do you understand that not everybody wants to summer in the Hamptons or ski in Aspen? The fact that some people may be happier with less material wealth does not negate the fact that you are very happy with what you have. In fact, there are probably people on both sides of the Atlantic who would be happier if they could swap lives with each other. Nothing wrong with that.
It is irrelevant parents happiness once you marry and have kids. Don't marry or have kids if you want to lay around all day and relax. My one uncle was a lazy bone and he just raised very bitter kids who had to pay their own way through college, left them a near worthless run down shack upon death. He should have not had kids. He put his kids behind a generation or two. My other Uncle worked hard once he had kids, sent them to Law School, Medical School etc set them up for success in life. He was buying stocks and reading Wall Street Journal back in 1960s and 1970s while my other uncle was laying on sofa.
Watch the show Sirens btw and it boils down in life the only thing that matters is will your kids be at your deathbed and did you set your kids and grandkids up for success in life. Nothing else matters. Most of my European relatives have not done that. They are more interested in having a small amount of kids and retiring earlier and could care less about paying for college, buying the kid a car, paying for wedding, leaving an inheritance. Sets kids up for a harder life just so Daddy can drink beers in the pub every night.
I am 100% sure you have no European relatives.
Signed,
An actual European
Funny I was on a flight to Europe last year and lady next to me was from Europe on vacation in US. She lived near where some of my first relatives lives She then made a snotty remark you Americans always think cause your family immigrated from Europe years ago that somehow we might know your relatives. I then said well I have 30 first cousins who live near your and 16 Uncles and Aunts. She then went damm I only have 5 first cousins. I have been to Europe 12 times and going in two week. I have worked for European companies around 15 years of career in the US. It is boring over there.
What is this weird insistence with always saying Europe? Surely you must know that there is a world of difference between Norway and Albania. Why act like Europe is a monolith, as if it's the US with a bunch of states?
Europeans do the same thing. If you are on vacation in Europe they call you American rather than a New Yorker or from DC. They lump our 3,000 miles into one category. It is only 1,800 miles from London to Moscow yet 2,700 miles from DC to LA. I live five minutes from Beltway and in conversation the Europeans at work were shocked I could leave my house in my car and be on a non-stop highway and drive 2,700 miles without out a red light or a stop sign all highway . And still be in same country. The length of Ireland is only 302 miles in total. I used to drop my kid off at college 400 miles away. That is a distance that would be crazy in the minds of an Irish Person
Anonymous wrote:Work isn’t the most important thing in life. If you don’t know that now, you’ll likely realize it on your deathbed.
+1.
European work culture has it right.
Not if you want to actually earn money.
Incorrect. My entire family is in Europe and they make really good money. My H works for an international company and the European are getting paid very well. Americans are buried in debt, the net worth here is actually pretty low.
Exactly. Most Americans have been sold this BS that you have to hustle non-stop in order to make money because that's the only thing that matters in life. Europeans in general have a much better sense of balance and their lives on average are much better than those living in 4000 sq ft houses in the US
If you say so. I personally don’t want to work 5 fewer hours a week so I can cram my entire family into a tiny house. Make fun of large American homes all you want, but they are way more comfortable, and pretty much every European would buy a larger home if they could afford it.
But ask them if they'd give up their work life balance for that bigger paycheck and house, and most would say no. Look at the happiest countries in the world. US doesn't even break the T20. Countries with generous leave make the Top20.
Eh those studies are biased and heavily dependent on how people consider happiness and what their standard is.
so, Americans have more sh&+ but they are still unhappy, work too much, and complain a lot compared to those other countries. Got it.
Don't forget fat. And all that sh* is poor quality. Working 10 hours, commuting 2 more so you can buy polyester at Macy's and overpriced diabetes medication. Don't get me started on the quality of the housing.
Have you even known any Europeans personally? Because I have and I don’t get the impression their lifestyle is much, if at all, better. I’ll give you they eat healthier food and there are fewer overweight people, but I myself am not friends with anyone who is grossly overweight and most people I know eat a healthy diet.
My European friends struggle with the same things as Americans and appear to have a lot less disposable income. What stands out the most is that two white collar professionals have a very limited income that doesn’t allow for outsourcing of any kind. So while they may have an extra 2 weeks of vacation than I do, they can’t afford to go out to dinner as a family, spend their extra time cleaning their house, and vacation by traveling to less expensive locations like Spain. My lifestyle looks opulent compared to theirs and almost embarrassing when they ask me questions about it.
It’s also anecdotal but my European friends appear to have a lot less flexibility at work. I get the impression it’s much more clock in/out mentality and the need to meet every rule, but not a common sense approach to work.
A lot of the advantages they have you could also apply here. You could live in a 1,100 square foot home and commute to work via bus or bike. You could shop at farmers markets and buy less stuff. Here you have the choice.
You have no idea what you’re talking about. I am European who grew up there and whose sister still lives in Italy. My sister and her husband work and make a lot less than I do, but they take a couple of vacations every year, have a house, two cars. They also have an amazing health system, much better food, they come home for a couple of hours every day for lunch, spend a lot more time with their child.
No, they don’t hire someone to clean their house, or to mow their lawn, but it’s hardly a justification for the hamper wheel we have here. I lived and worked in both, you make more money here but at a great cost.
Also lived in Western Europe (and at one point Eastern). Agree with this sentiment completely.
The capitalist mindset is very focused on false “choice,” IMHO. And it’s not made anyone any happier or healthier in this country.
But downside they are stealing from their children and grandchildren to fund the lifestyle. Meaning my old boss in Germany with Free Healthcare, a great pension from Work, beach house, an amazing rent controlled house has great cash flow but nearly all his assets die with him.
The Pension stops, rent control apt stops, his beach house is actually a family house owned by MIL which is communal so cant pass to his kid. He only had one kid.
In the US He would own at time of death, his own primary home mortgage free, his beach house mortgage free, had a large amount of 401k/IRA/Savings Account money save due to higher income. Maybe 2-4 cars or boat. The US is focused on Assets. Plus in Europe next to US the percentage of people who own stocks and real estate is way less. The 16 years has been a massive run up in Real Estate and Stock Prices. My relatives in Europe for instance missed the boat on that as well did a lot of my older european co-workers.
A plan old mid level VP in a Bank in US in DC area is retiring at 65 with two million in 401k/IRAs and a 1.5 million dollar home paid off. That's before any other savings. That 3.5 million would be shocking to a European for a bank VP to have. And if that bank VP dropped dead day one of retirement his wife and kids get it. My old boss with his rental and defined pension lives the high life but he is really passing on nothing much to next generation.
So we should all work like machines to plan for our deaths?
yes in fact. My parents did, they worked like dogs in Europe to get to the USA to have a better life for their kids. They would have been better off staying in long run for themselves. But they got here separately, met and raised 4 kids who all have grad degrees, who all got married, had kids and all bought houses and putting all the kids through college. I am only first generation American but I expect by time my kids have kids they will be summering in Hamptons, Skiing in Aspen, Going to Ivy League schools. Maybe be President of the United States or win American Idol or cure cancer who knows. But if my parents never left their country and met there and had us four kids would have set us back several generations.
Which of the 50+ countries did they come from? That makes a huge difference on whether or not they would have been better off.
Well I live in a two million dollar home and have a beach house and new cars in the driveway. Highly doubt my homeless 6th grade educated parents could have got me very far had they stayed in Europe. I say homeless as one was one of eight the other was one of five. Only the oldest son inherits house and rest must get out. My Mom got kicked out of home at 12. My Dad at 14. In the US got HS degrees at night, bought a house, raised four kids how is that possible in Europe it is not.
Instead they get cheap medical, can go on the dole I guess and sit in a pub drinking pints and smoking and dying young like all my uncles did.
It’s commendable that your parents and family have done so well in the US. But do you understand that not everybody wants to summer in the Hamptons or ski in Aspen? The fact that some people may be happier with less material wealth does not negate the fact that you are very happy with what you have. In fact, there are probably people on both sides of the Atlantic who would be happier if they could swap lives with each other. Nothing wrong with that.
It is irrelevant parents happiness once you marry and have kids. Don't marry or have kids if you want to lay around all day and relax. My one uncle was a lazy bone and he just raised very bitter kids who had to pay their own way through college, left them a near worthless run down shack upon death. He should have not had kids. He put his kids behind a generation or two. My other Uncle worked hard once he had kids, sent them to Law School, Medical School etc set them up for success in life. He was buying stocks and reading Wall Street Journal back in 1960s and 1970s while my other uncle was laying on sofa.
Watch the show Sirens btw and it boils down in life the only thing that matters is will your kids be at your deathbed and did you set your kids and grandkids up for success in life. Nothing else matters. Most of my European relatives have not done that. They are more interested in having a small amount of kids and retiring earlier and could care less about paying for college, buying the kid a car, paying for wedding, leaving an inheritance. Sets kids up for a harder life just so Daddy can drink beers in the pub every night.
I am 100% sure you have no European relatives.
Signed,
An actual European
Funny I was on a flight to Europe last year and lady next to me was from Europe on vacation in US. She lived near where some of my first relatives lives She then made a snotty remark you Americans always think cause your family immigrated from Europe years ago that somehow we might know your relatives. I then said well I have 30 first cousins who live near your and 16 Uncles and Aunts. She then went damm I only have 5 first cousins. I have been to Europe 12 times and going in two week. I have worked for European companies around 15 years of career in the US. It is boring over there.
Over there, where? That's like saying Africa and Asia are boring. Those are continents, not countries. I think this might be a you problem.
Europe is Europe, Africa is Africa and Asia is Asia.
What? No $h1t. I think you missed the point PP made completely.
Anonymous wrote:Work isn’t the most important thing in life. If you don’t know that now, you’ll likely realize it on your deathbed.
+1.
European work culture has it right.
Not if you want to actually earn money.
Incorrect. My entire family is in Europe and they make really good money. My H works for an international company and the European are getting paid very well. Americans are buried in debt, the net worth here is actually pretty low.
Exactly. Most Americans have been sold this BS that you have to hustle non-stop in order to make money because that's the only thing that matters in life. Europeans in general have a much better sense of balance and their lives on average are much better than those living in 4000 sq ft houses in the US
If you say so. I personally don’t want to work 5 fewer hours a week so I can cram my entire family into a tiny house. Make fun of large American homes all you want, but they are way more comfortable, and pretty much every European would buy a larger home if they could afford it.
But ask them if they'd give up their work life balance for that bigger paycheck and house, and most would say no. Look at the happiest countries in the world. US doesn't even break the T20. Countries with generous leave make the Top20.
Eh those studies are biased and heavily dependent on how people consider happiness and what their standard is.
so, Americans have more sh&+ but they are still unhappy, work too much, and complain a lot compared to those other countries. Got it.
Don't forget fat. And all that sh* is poor quality. Working 10 hours, commuting 2 more so you can buy polyester at Macy's and overpriced diabetes medication. Don't get me started on the quality of the housing.
Have you even known any Europeans personally? Because I have and I don’t get the impression their lifestyle is much, if at all, better. I’ll give you they eat healthier food and there are fewer overweight people, but I myself am not friends with anyone who is grossly overweight and most people I know eat a healthy diet.
My European friends struggle with the same things as Americans and appear to have a lot less disposable income. What stands out the most is that two white collar professionals have a very limited income that doesn’t allow for outsourcing of any kind. So while they may have an extra 2 weeks of vacation than I do, they can’t afford to go out to dinner as a family, spend their extra time cleaning their house, and vacation by traveling to less expensive locations like Spain. My lifestyle looks opulent compared to theirs and almost embarrassing when they ask me questions about it.
It’s also anecdotal but my European friends appear to have a lot less flexibility at work. I get the impression it’s much more clock in/out mentality and the need to meet every rule, but not a common sense approach to work.
A lot of the advantages they have you could also apply here. You could live in a 1,100 square foot home and commute to work via bus or bike. You could shop at farmers markets and buy less stuff. Here you have the choice.
You have no idea what you’re talking about. I am European who grew up there and whose sister still lives in Italy. My sister and her husband work and make a lot less than I do, but they take a couple of vacations every year, have a house, two cars. They also have an amazing health system, much better food, they come home for a couple of hours every day for lunch, spend a lot more time with their child.
No, they don’t hire someone to clean their house, or to mow their lawn, but it’s hardly a justification for the hamper wheel we have here. I lived and worked in both, you make more money here but at a great cost.
Also lived in Western Europe (and at one point Eastern). Agree with this sentiment completely.
The capitalist mindset is very focused on false “choice,” IMHO. And it’s not made anyone any happier or healthier in this country.
But downside they are stealing from their children and grandchildren to fund the lifestyle. Meaning my old boss in Germany with Free Healthcare, a great pension from Work, beach house, an amazing rent controlled house has great cash flow but nearly all his assets die with him.
The Pension stops, rent control apt stops, his beach house is actually a family house owned by MIL which is communal so cant pass to his kid. He only had one kid.
In the US He would own at time of death, his own primary home mortgage free, his beach house mortgage free, had a large amount of 401k/IRA/Savings Account money save due to higher income. Maybe 2-4 cars or boat. The US is focused on Assets. Plus in Europe next to US the percentage of people who own stocks and real estate is way less. The 16 years has been a massive run up in Real Estate and Stock Prices. My relatives in Europe for instance missed the boat on that as well did a lot of my older european co-workers.
A plan old mid level VP in a Bank in US in DC area is retiring at 65 with two million in 401k/IRAs and a 1.5 million dollar home paid off. That's before any other savings. That 3.5 million would be shocking to a European for a bank VP to have. And if that bank VP dropped dead day one of retirement his wife and kids get it. My old boss with his rental and defined pension lives the high life but he is really passing on nothing much to next generation.
So we should all work like machines to plan for our deaths?
yes in fact. My parents did, they worked like dogs in Europe to get to the USA to have a better life for their kids. They would have been better off staying in long run for themselves. But they got here separately, met and raised 4 kids who all have grad degrees, who all got married, had kids and all bought houses and putting all the kids through college. I am only first generation American but I expect by time my kids have kids they will be summering in Hamptons, Skiing in Aspen, Going to Ivy League schools. Maybe be President of the United States or win American Idol or cure cancer who knows. But if my parents never left their country and met there and had us four kids would have set us back several generations.
Which of the 50+ countries did they come from? That makes a huge difference on whether or not they would have been better off.
Well I live in a two million dollar home and have a beach house and new cars in the driveway. Highly doubt my homeless 6th grade educated parents could have got me very far had they stayed in Europe. I say homeless as one was one of eight the other was one of five. Only the oldest son inherits house and rest must get out. My Mom got kicked out of home at 12. My Dad at 14. In the US got HS degrees at night, bought a house, raised four kids how is that possible in Europe it is not.
Instead they get cheap medical, can go on the dole I guess and sit in a pub drinking pints and smoking and dying young like all my uncles did.
It’s commendable that your parents and family have done so well in the US. But do you understand that not everybody wants to summer in the Hamptons or ski in Aspen? The fact that some people may be happier with less material wealth does not negate the fact that you are very happy with what you have. In fact, there are probably people on both sides of the Atlantic who would be happier if they could swap lives with each other. Nothing wrong with that.
It is irrelevant parents happiness once you marry and have kids. Don't marry or have kids if you want to lay around all day and relax. My one uncle was a lazy bone and he just raised very bitter kids who had to pay their own way through college, left them a near worthless run down shack upon death. He should have not had kids. He put his kids behind a generation or two. My other Uncle worked hard once he had kids, sent them to Law School, Medical School etc set them up for success in life. He was buying stocks and reading Wall Street Journal back in 1960s and 1970s while my other uncle was laying on sofa.
Watch the show Sirens btw and it boils down in life the only thing that matters is will your kids be at your deathbed and did you set your kids and grandkids up for success in life. Nothing else matters. Most of my European relatives have not done that. They are more interested in having a small amount of kids and retiring earlier and could care less about paying for college, buying the kid a car, paying for wedding, leaving an inheritance. Sets kids up for a harder life just so Daddy can drink beers in the pub every night.
I am 100% sure you have no European relatives.
Signed,
An actual European
Funny I was on a flight to Europe last year and lady next to me was from Europe on vacation in US. She lived near where some of my first relatives lives She then made a snotty remark you Americans always think cause your family immigrated from Europe years ago that somehow we might know your relatives. I then said well I have 30 first cousins who live near your and 16 Uncles and Aunts. She then went damm I only have 5 first cousins. I have been to Europe 12 times and going in two week. I have worked for European companies around 15 years of career in the US. It is boring over there.
What is this weird insistence with always saying Europe? Surely you must know that there is a world of difference between Norway and Albania. Why act like Europe is a monolith, as if it's the US with a bunch of states?
Europeans do the same thing. If you are on vacation in Europe they call you American rather than a New Yorker or from DC. They lump our 3,000 miles into one category. It is only 1,800 miles from London to Moscow yet 2,700 miles from DC to LA. I live five minutes from Beltway and in conversation the Europeans at work were shocked I could leave my house in my car and be on a non-stop highway and drive 2,700 miles without out a red light or a stop sign all highway . And still be in same country. The length of Ireland is only 302 miles in total. I used to drop my kid off at college 400 miles away. That is a distance that would be crazy in the minds of an Irish Person
Because America is a country. The United States. No German expects you to call them Bavarian or whatever. They can rightfully expect you to call them American. Can you not see the difference? Europe has 50 some countries. The US IS a country.
Anonymous wrote:Work isn’t the most important thing in life. If you don’t know that now, you’ll likely realize it on your deathbed.
+1.
European work culture has it right.
Not if you want to actually earn money.
Incorrect. My entire family is in Europe and they make really good money. My H works for an international company and the European are getting paid very well. Americans are buried in debt, the net worth here is actually pretty low.
Exactly. Most Americans have been sold this BS that you have to hustle non-stop in order to make money because that's the only thing that matters in life. Europeans in general have a much better sense of balance and their lives on average are much better than those living in 4000 sq ft houses in the US
If you say so. I personally don’t want to work 5 fewer hours a week so I can cram my entire family into a tiny house. Make fun of large American homes all you want, but they are way more comfortable, and pretty much every European would buy a larger home if they could afford it.
But ask them if they'd give up their work life balance for that bigger paycheck and house, and most would say no. Look at the happiest countries in the world. US doesn't even break the T20. Countries with generous leave make the Top20.
Eh those studies are biased and heavily dependent on how people consider happiness and what their standard is.
so, Americans have more sh&+ but they are still unhappy, work too much, and complain a lot compared to those other countries. Got it.
Don't forget fat. And all that sh* is poor quality. Working 10 hours, commuting 2 more so you can buy polyester at Macy's and overpriced diabetes medication. Don't get me started on the quality of the housing.
Have you even known any Europeans personally? Because I have and I don’t get the impression their lifestyle is much, if at all, better. I’ll give you they eat healthier food and there are fewer overweight people, but I myself am not friends with anyone who is grossly overweight and most people I know eat a healthy diet.
My European friends struggle with the same things as Americans and appear to have a lot less disposable income. What stands out the most is that two white collar professionals have a very limited income that doesn’t allow for outsourcing of any kind. So while they may have an extra 2 weeks of vacation than I do, they can’t afford to go out to dinner as a family, spend their extra time cleaning their house, and vacation by traveling to less expensive locations like Spain. My lifestyle looks opulent compared to theirs and almost embarrassing when they ask me questions about it.
It’s also anecdotal but my European friends appear to have a lot less flexibility at work. I get the impression it’s much more clock in/out mentality and the need to meet every rule, but not a common sense approach to work.
A lot of the advantages they have you could also apply here. You could live in a 1,100 square foot home and commute to work via bus or bike. You could shop at farmers markets and buy less stuff. Here you have the choice.
You have no idea what you’re talking about. I am European who grew up there and whose sister still lives in Italy. My sister and her husband work and make a lot less than I do, but they take a couple of vacations every year, have a house, two cars. They also have an amazing health system, much better food, they come home for a couple of hours every day for lunch, spend a lot more time with their child.
No, they don’t hire someone to clean their house, or to mow their lawn, but it’s hardly a justification for the hamper wheel we have here. I lived and worked in both, you make more money here but at a great cost.
Also lived in Western Europe (and at one point Eastern). Agree with this sentiment completely.
The capitalist mindset is very focused on false “choice,” IMHO. And it’s not made anyone any happier or healthier in this country.
But downside they are stealing from their children and grandchildren to fund the lifestyle. Meaning my old boss in Germany with Free Healthcare, a great pension from Work, beach house, an amazing rent controlled house has great cash flow but nearly all his assets die with him.
The Pension stops, rent control apt stops, his beach house is actually a family house owned by MIL which is communal so cant pass to his kid. He only had one kid.
In the US He would own at time of death, his own primary home mortgage free, his beach house mortgage free, had a large amount of 401k/IRA/Savings Account money save due to higher income. Maybe 2-4 cars or boat. The US is focused on Assets. Plus in Europe next to US the percentage of people who own stocks and real estate is way less. The 16 years has been a massive run up in Real Estate and Stock Prices. My relatives in Europe for instance missed the boat on that as well did a lot of my older european co-workers.
A plan old mid level VP in a Bank in US in DC area is retiring at 65 with two million in 401k/IRAs and a 1.5 million dollar home paid off. That's before any other savings. That 3.5 million would be shocking to a European for a bank VP to have. And if that bank VP dropped dead day one of retirement his wife and kids get it. My old boss with his rental and defined pension lives the high life but he is really passing on nothing much to next generation.
So we should all work like machines to plan for our deaths?
yes in fact. My parents did, they worked like dogs in Europe to get to the USA to have a better life for their kids. They would have been better off staying in long run for themselves. But they got here separately, met and raised 4 kids who all have grad degrees, who all got married, had kids and all bought houses and putting all the kids through college. I am only first generation American but I expect by time my kids have kids they will be summering in Hamptons, Skiing in Aspen, Going to Ivy League schools. Maybe be President of the United States or win American Idol or cure cancer who knows. But if my parents never left their country and met there and had us four kids would have set us back several generations.
Which of the 50+ countries did they come from? That makes a huge difference on whether or not they would have been better off.
Well I live in a two million dollar home and have a beach house and new cars in the driveway. Highly doubt my homeless 6th grade educated parents could have got me very far had they stayed in Europe. I say homeless as one was one of eight the other was one of five. Only the oldest son inherits house and rest must get out. My Mom got kicked out of home at 12. My Dad at 14. In the US got HS degrees at night, bought a house, raised four kids how is that possible in Europe it is not.
Instead they get cheap medical, can go on the dole I guess and sit in a pub drinking pints and smoking and dying young like all my uncles did.
It’s commendable that your parents and family have done so well in the US. But do you understand that not everybody wants to summer in the Hamptons or ski in Aspen? The fact that some people may be happier with less material wealth does not negate the fact that you are very happy with what you have. In fact, there are probably people on both sides of the Atlantic who would be happier if they could swap lives with each other. Nothing wrong with that.
It is irrelevant parents happiness once you marry and have kids. Don't marry or have kids if you want to lay around all day and relax. My one uncle was a lazy bone and he just raised very bitter kids who had to pay their own way through college, left them a near worthless run down shack upon death. He should have not had kids. He put his kids behind a generation or two. My other Uncle worked hard once he had kids, sent them to Law School, Medical School etc set them up for success in life. He was buying stocks and reading Wall Street Journal back in 1960s and 1970s while my other uncle was laying on sofa.
Watch the show Sirens btw and it boils down in life the only thing that matters is will your kids be at your deathbed and did you set your kids and grandkids up for success in life. Nothing else matters. Most of my European relatives have not done that. They are more interested in having a small amount of kids and retiring earlier and could care less about paying for college, buying the kid a car, paying for wedding, leaving an inheritance. Sets kids up for a harder life just so Daddy can drink beers in the pub every night.
I am 100% sure you have no European relatives.
Signed,
An actual European
Funny I was on a flight to Europe last year and lady next to me was from Europe on vacation in US. She lived near where some of my first relatives lives She then made a snotty remark you Americans always think cause your family immigrated from Europe years ago that somehow we might know your relatives. I then said well I have 30 first cousins who live near your and 16 Uncles and Aunts. She then went damm I only have 5 first cousins. I have been to Europe 12 times and going in two week. I have worked for European companies around 15 years of career in the US. It is boring over there.
What is this weird insistence with always saying Europe? Surely you must know that there is a world of difference between Norway and Albania. Why act like Europe is a monolith, as if it's the US with a bunch of states?
I mean there are huge differences between New York, South Dakota, and Mississippi…
There's a big difference between Südtirol and Campania too, but that's not really the point. The point is clearly that you're lumping dozens of countries into one by always saying Europe/Europeans.
Anonymous wrote:Work isn’t the most important thing in life. If you don’t know that now, you’ll likely realize it on your deathbed.
+1.
European work culture has it right.
Not if you want to actually earn money.
Incorrect. My entire family is in Europe and they make really good money. My H works for an international company and the European are getting paid very well. Americans are buried in debt, the net worth here is actually pretty low.
Exactly. Most Americans have been sold this BS that you have to hustle non-stop in order to make money because that's the only thing that matters in life. Europeans in general have a much better sense of balance and their lives on average are much better than those living in 4000 sq ft houses in the US
If you say so. I personally don’t want to work 5 fewer hours a week so I can cram my entire family into a tiny house. Make fun of large American homes all you want, but they are way more comfortable, and pretty much every European would buy a larger home if they could afford it.
But ask them if they'd give up their work life balance for that bigger paycheck and house, and most would say no. Look at the happiest countries in the world. US doesn't even break the T20. Countries with generous leave make the Top20.
Eh those studies are biased and heavily dependent on how people consider happiness and what their standard is.
so, Americans have more sh&+ but they are still unhappy, work too much, and complain a lot compared to those other countries. Got it.
Don't forget fat. And all that sh* is poor quality. Working 10 hours, commuting 2 more so you can buy polyester at Macy's and overpriced diabetes medication. Don't get me started on the quality of the housing.
Have you even known any Europeans personally? Because I have and I don’t get the impression their lifestyle is much, if at all, better. I’ll give you they eat healthier food and there are fewer overweight people, but I myself am not friends with anyone who is grossly overweight and most people I know eat a healthy diet.
My European friends struggle with the same things as Americans and appear to have a lot less disposable income. What stands out the most is that two white collar professionals have a very limited income that doesn’t allow for outsourcing of any kind. So while they may have an extra 2 weeks of vacation than I do, they can’t afford to go out to dinner as a family, spend their extra time cleaning their house, and vacation by traveling to less expensive locations like Spain. My lifestyle looks opulent compared to theirs and almost embarrassing when they ask me questions about it.
It’s also anecdotal but my European friends appear to have a lot less flexibility at work. I get the impression it’s much more clock in/out mentality and the need to meet every rule, but not a common sense approach to work.
A lot of the advantages they have you could also apply here. You could live in a 1,100 square foot home and commute to work via bus or bike. You could shop at farmers markets and buy less stuff. Here you have the choice.
You have no idea what you’re talking about. I am European who grew up there and whose sister still lives in Italy. My sister and her husband work and make a lot less than I do, but they take a couple of vacations every year, have a house, two cars. They also have an amazing health system, much better food, they come home for a couple of hours every day for lunch, spend a lot more time with their child.
No, they don’t hire someone to clean their house, or to mow their lawn, but it’s hardly a justification for the hamper wheel we have here. I lived and worked in both, you make more money here but at a great cost.
Also lived in Western Europe (and at one point Eastern). Agree with this sentiment completely.
The capitalist mindset is very focused on false “choice,” IMHO. And it’s not made anyone any happier or healthier in this country.
But downside they are stealing from their children and grandchildren to fund the lifestyle. Meaning my old boss in Germany with Free Healthcare, a great pension from Work, beach house, an amazing rent controlled house has great cash flow but nearly all his assets die with him.
The Pension stops, rent control apt stops, his beach house is actually a family house owned by MIL which is communal so cant pass to his kid. He only had one kid.
In the US He would own at time of death, his own primary home mortgage free, his beach house mortgage free, had a large amount of 401k/IRA/Savings Account money save due to higher income. Maybe 2-4 cars or boat. The US is focused on Assets. Plus in Europe next to US the percentage of people who own stocks and real estate is way less. The 16 years has been a massive run up in Real Estate and Stock Prices. My relatives in Europe for instance missed the boat on that as well did a lot of my older european co-workers.
A plan old mid level VP in a Bank in US in DC area is retiring at 65 with two million in 401k/IRAs and a 1.5 million dollar home paid off. That's before any other savings. That 3.5 million would be shocking to a European for a bank VP to have. And if that bank VP dropped dead day one of retirement his wife and kids get it. My old boss with his rental and defined pension lives the high life but he is really passing on nothing much to next generation.
So we should all work like machines to plan for our deaths?
yes in fact. My parents did, they worked like dogs in Europe to get to the USA to have a better life for their kids. They would have been better off staying in long run for themselves. But they got here separately, met and raised 4 kids who all have grad degrees, who all got married, had kids and all bought houses and putting all the kids through college. I am only first generation American but I expect by time my kids have kids they will be summering in Hamptons, Skiing in Aspen, Going to Ivy League schools. Maybe be President of the United States or win American Idol or cure cancer who knows. But if my parents never left their country and met there and had us four kids would have set us back several generations.
Which of the 50+ countries did they come from? That makes a huge difference on whether or not they would have been better off.
Well I live in a two million dollar home and have a beach house and new cars in the driveway. Highly doubt my homeless 6th grade educated parents could have got me very far had they stayed in Europe. I say homeless as one was one of eight the other was one of five. Only the oldest son inherits house and rest must get out. My Mom got kicked out of home at 12. My Dad at 14. In the US got HS degrees at night, bought a house, raised four kids how is that possible in Europe it is not.
Instead they get cheap medical, can go on the dole I guess and sit in a pub drinking pints and smoking and dying young like all my uncles did.
It’s commendable that your parents and family have done so well in the US. But do you understand that not everybody wants to summer in the Hamptons or ski in Aspen? The fact that some people may be happier with less material wealth does not negate the fact that you are very happy with what you have. In fact, there are probably people on both sides of the Atlantic who would be happier if they could swap lives with each other. Nothing wrong with that.
It is irrelevant parents happiness once you marry and have kids. Don't marry or have kids if you want to lay around all day and relax. My one uncle was a lazy bone and he just raised very bitter kids who had to pay their own way through college, left them a near worthless run down shack upon death. He should have not had kids. He put his kids behind a generation or two. My other Uncle worked hard once he had kids, sent them to Law School, Medical School etc set them up for success in life. He was buying stocks and reading Wall Street Journal back in 1960s and 1970s while my other uncle was laying on sofa.
Watch the show Sirens btw and it boils down in life the only thing that matters is will your kids be at your deathbed and did you set your kids and grandkids up for success in life. Nothing else matters. Most of my European relatives have not done that. They are more interested in having a small amount of kids and retiring earlier and could care less about paying for college, buying the kid a car, paying for wedding, leaving an inheritance. Sets kids up for a harder life just so Daddy can drink beers in the pub every night.
I am 100% sure you have no European relatives.
Signed,
An actual European
Funny I was on a flight to Europe last year and lady next to me was from Europe on vacation in US. She lived near where some of my first relatives lives She then made a snotty remark you Americans always think cause your family immigrated from Europe years ago that somehow we might know your relatives. I then said well I have 30 first cousins who live near your and 16 Uncles and Aunts. She then went damm I only have 5 first cousins. I have been to Europe 12 times and going in two week. I have worked for European companies around 15 years of career in the US. It is boring over there.
What is this weird insistence with always saying Europe? Surely you must know that there is a world of difference between Norway and Albania. Why act like Europe is a monolith, as if it's the US with a bunch of states?
I mean there are huge differences between New York, South Dakota, and Mississippi…
I would dispute that the difference between New York and South Dakota are bigger than the difference between Poland and Portugal.
Anonymous wrote:Here is the flipside. FAR fewer people on antidepressants, antianxiety meds. Happier, more fulfilled lives in general. Healthier nationally. Making money is not everything. They know what they are trading and they are much better for it. Americans are so clueless sometimes.
Why is Europe not higher gdp
They do quite well.. 4 of top 10 and 8 of top 20 in GDP. Mostly income on stolen property though, especially the old colonials..
Anonymous wrote:Work isn’t the most important thing in life. If you don’t know that now, you’ll likely realize it on your deathbed.
+1.
European work culture has it right.
Not if you want to actually earn money.
Incorrect. My entire family is in Europe and they make really good money. My H works for an international company and the European are getting paid very well. Americans are buried in debt, the net worth here is actually pretty low.
Exactly. Most Americans have been sold this BS that you have to hustle non-stop in order to make money because that's the only thing that matters in life. Europeans in general have a much better sense of balance and their lives on average are much better than those living in 4000 sq ft houses in the US
If you say so. I personally don’t want to work 5 fewer hours a week so I can cram my entire family into a tiny house. Make fun of large American homes all you want, but they are way more comfortable, and pretty much every European would buy a larger home if they could afford it.
But ask them if they'd give up their work life balance for that bigger paycheck and house, and most would say no. Look at the happiest countries in the world. US doesn't even break the T20. Countries with generous leave make the Top20.
Israel at #8 cracks me up! Participating in "The Purge" must be doing a lot to improve their happiness.
Anonymous wrote:Here is the flipside. FAR fewer people on antidepressants, antianxiety meds. Happier, more fulfilled lives in general. Healthier nationally. Making money is not everything. They know what they are trading and they are much better for it. Americans are so clueless sometimes.
Why is Europe not higher gdp.
They do quite well.. 4 of top 10 and 8 of top 20 in GDP. Mostly income on stolen property though, especially the old colonials..
Let’s not forget that in the last 80-ish years 30-60 million Europeans died in a war that devastated much of the continent, many countries only emerged from communist rule 30 or so years ago, and for much of the past half century the 45-50 countries had separate currencies, regulations and borders.
Anonymous wrote:Work isn’t the most important thing in life. If you don’t know that now, you’ll likely realize it on your deathbed.
+1.
European work culture has it right.
Not if you want to actually earn money.
Incorrect. My entire family is in Europe and they make really good money. My H works for an international company and the European are getting paid very well. Americans are buried in debt, the net worth here is actually pretty low.
Exactly. Most Americans have been sold this BS that you have to hustle non-stop in order to make money because that's the only thing that matters in life. Europeans in general have a much better sense of balance and their lives on average are much better than those living in 4000 sq ft houses in the US
If you say so. I personally don’t want to work 5 fewer hours a week so I can cram my entire family into a tiny house. Make fun of large American homes all you want, but they are way more comfortable, and pretty much every European would buy a larger home if they could afford it.
But ask them if they'd give up their work life balance for that bigger paycheck and house, and most would say no. Look at the happiest countries in the world. US doesn't even break the T20. Countries with generous leave make the Top20.
Eh those studies are biased and heavily dependent on how people consider happiness and what their standard is.
so, Americans have more sh&+ but they are still unhappy, work too much, and complain a lot compared to those other countries. Got it.
Don't forget fat. And all that sh* is poor quality. Working 10 hours, commuting 2 more so you can buy polyester at Macy's and overpriced diabetes medication. Don't get me started on the quality of the housing.
Have you even known any Europeans personally? Because I have and I don’t get the impression their lifestyle is much, if at all, better. I’ll give you they eat healthier food and there are fewer overweight people, but I myself am not friends with anyone who is grossly overweight and most people I know eat a healthy diet.
My European friends struggle with the same things as Americans and appear to have a lot less disposable income. What stands out the most is that two white collar professionals have a very limited income that doesn’t allow for outsourcing of any kind. So while they may have an extra 2 weeks of vacation than I do, they can’t afford to go out to dinner as a family, spend their extra time cleaning their house, and vacation by traveling to less expensive locations like Spain. My lifestyle looks opulent compared to theirs and almost embarrassing when they ask me questions about it.
It’s also anecdotal but my European friends appear to have a lot less flexibility at work. I get the impression it’s much more clock in/out mentality and the need to meet every rule, but not a common sense approach to work.
A lot of the advantages they have you could also apply here. You could live in a 1,100 square foot home and commute to work via bus or bike. You could shop at farmers markets and buy less stuff. Here you have the choice.
You have no idea what you’re talking about. I am European who grew up there and whose sister still lives in Italy. My sister and her husband work and make a lot less than I do, but they take a couple of vacations every year, have a house, two cars. They also have an amazing health system, much better food, they come home for a couple of hours every day for lunch, spend a lot more time with their child.
No, they don’t hire someone to clean their house, or to mow their lawn, but it’s hardly a justification for the hamper wheel we have here. I lived and worked in both, you make more money here but at a great cost.
Also lived in Western Europe (and at one point Eastern). Agree with this sentiment completely.
The capitalist mindset is very focused on false “choice,” IMHO. And it’s not made anyone any happier or healthier in this country.
But downside they are stealing from their children and grandchildren to fund the lifestyle. Meaning my old boss in Germany with Free Healthcare, a great pension from Work, beach house, an amazing rent controlled house has great cash flow but nearly all his assets die with him.
The Pension stops, rent control apt stops, his beach house is actually a family house owned by MIL which is communal so cant pass to his kid. He only had one kid.
In the US He would own at time of death, his own primary home mortgage free, his beach house mortgage free, had a large amount of 401k/IRA/Savings Account money save due to higher income. Maybe 2-4 cars or boat. The US is focused on Assets. Plus in Europe next to US the percentage of people who own stocks and real estate is way less. The 16 years has been a massive run up in Real Estate and Stock Prices. My relatives in Europe for instance missed the boat on that as well did a lot of my older european co-workers.
A plan old mid level VP in a Bank in US in DC area is retiring at 65 with two million in 401k/IRAs and a 1.5 million dollar home paid off. That's before any other savings. That 3.5 million would be shocking to a European for a bank VP to have. And if that bank VP dropped dead day one of retirement his wife and kids get it. My old boss with his rental and defined pension lives the high life but he is really passing on nothing much to next generation.
So we should all work like machines to plan for our deaths?
yes in fact. My parents did, they worked like dogs in Europe to get to the USA to have a better life for their kids. They would have been better off staying in long run for themselves. But they got here separately, met and raised 4 kids who all have grad degrees, who all got married, had kids and all bought houses and putting all the kids through college. I am only first generation American but I expect by time my kids have kids they will be summering in Hamptons, Skiing in Aspen, Going to Ivy League schools. Maybe be President of the United States or win American Idol or cure cancer who knows. But if my parents never left their country and met there and had us four kids would have set us back several generations.
Which of the 50+ countries did they come from? That makes a huge difference on whether or not they would have been better off.
Well I live in a two million dollar home and have a beach house and new cars in the driveway. Highly doubt my homeless 6th grade educated parents could have got me very far had they stayed in Europe. I say homeless as one was one of eight the other was one of five. Only the oldest son inherits house and rest must get out. My Mom got kicked out of home at 12. My Dad at 14. In the US got HS degrees at night, bought a house, raised four kids how is that possible in Europe it is not.
Instead they get cheap medical, can go on the dole I guess and sit in a pub drinking pints and smoking and dying young like all my uncles did.
It’s commendable that your parents and family have done so well in the US. But do you understand that not everybody wants to summer in the Hamptons or ski in Aspen? The fact that some people may be happier with less material wealth does not negate the fact that you are very happy with what you have. In fact, there are probably people on both sides of the Atlantic who would be happier if they could swap lives with each other. Nothing wrong with that.
It is irrelevant parents happiness once you marry and have kids. Don't marry or have kids if you want to lay around all day and relax. My one uncle was a lazy bone and he just raised very bitter kids who had to pay their own way through college, left them a near worthless run down shack upon death. He should have not had kids. He put his kids behind a generation or two. My other Uncle worked hard once he had kids, sent them to Law School, Medical School etc set them up for success in life. He was buying stocks and reading Wall Street Journal back in 1960s and 1970s while my other uncle was laying on sofa.
Watch the show Sirens btw and it boils down in life the only thing that matters is will your kids be at your deathbed and did you set your kids and grandkids up for success in life. Nothing else matters. Most of my European relatives have not done that. They are more interested in having a small amount of kids and retiring earlier and could care less about paying for college, buying the kid a car, paying for wedding, leaving an inheritance. Sets kids up for a harder life just so Daddy can drink beers in the pub every night.
I am 100% sure you have no European relatives.
Signed,
An actual European
Funny I was on a flight to Europe last year and lady next to me was from Europe on vacation in US. She lived near where some of my first relatives lives She then made a snotty remark you Americans always think cause your family immigrated from Europe years ago that somehow we might know your relatives. I then said well I have 30 first cousins who live near your and 16 Uncles and Aunts. She then went damm I only have 5 first cousins. I have been to Europe 12 times and going in two week. I have worked for European companies around 15 years of career in the US. It is boring over there.
What is this weird insistence with always saying Europe? Surely you must know that there is a world of difference between Norway and Albania. Why act like Europe is a monolith, as if it's the US with a bunch of states?
Europeans do the same thing. If you are on vacation in Europe they call you American rather than a New Yorker or from DC. They lump our 3,000 miles into one category. It is only 1,800 miles from London to Moscow yet 2,700 miles from DC to LA. I live five minutes from Beltway and in conversation the Europeans at work were shocked I could leave my house in my car and be on a non-stop highway and drive 2,700 miles without out a red light or a stop sign all highway . And still be in same country. The length of Ireland is only 302 miles in total. I used to drop my kid off at college 400 miles away. That is a distance that would be crazy in the minds of an Irish Person
Because America is a country. The United States. No German expects you to call them Bavarian or whatever. They can rightfully expect you to call them American. Can you not see the difference? Europe has 50 some countries. The US IS a country.
Depends. Things are in flux. Some are identifying more and more as a European (as in from the EU) in addition to whatever country they are from. European meaning someone from EU will eventually become American became associated with people from the US.
Anonymous wrote:Work isn’t the most important thing in life. If you don’t know that now, you’ll likely realize it on your deathbed.
+1.
European work culture has it right.
Not if you want to actually earn money.
Incorrect. My entire family is in Europe and they make really good money. My H works for an international company and the European are getting paid very well. Americans are buried in debt, the net worth here is actually pretty low.
Exactly. Most Americans have been sold this BS that you have to hustle non-stop in order to make money because that's the only thing that matters in life. Europeans in general have a much better sense of balance and their lives on average are much better than those living in 4000 sq ft houses in the US
If you say so. I personally don’t want to work 5 fewer hours a week so I can cram my entire family into a tiny house. Make fun of large American homes all you want, but they are way more comfortable, and pretty much every European would buy a larger home if they could afford it.
But ask them if they'd give up their work life balance for that bigger paycheck and house, and most would say no. Look at the happiest countries in the world. US doesn't even break the T20. Countries with generous leave make the Top20.
Eh those studies are biased and heavily dependent on how people consider happiness and what their standard is.
so, Americans have more sh&+ but they are still unhappy, work too much, and complain a lot compared to those other countries. Got it.
Don't forget fat. And all that sh* is poor quality. Working 10 hours, commuting 2 more so you can buy polyester at Macy's and overpriced diabetes medication. Don't get me started on the quality of the housing.
Have you even known any Europeans personally? Because I have and I don’t get the impression their lifestyle is much, if at all, better. I’ll give you they eat healthier food and there are fewer overweight people, but I myself am not friends with anyone who is grossly overweight and most people I know eat a healthy diet.
My European friends struggle with the same things as Americans and appear to have a lot less disposable income. What stands out the most is that two white collar professionals have a very limited income that doesn’t allow for outsourcing of any kind. So while they may have an extra 2 weeks of vacation than I do, they can’t afford to go out to dinner as a family, spend their extra time cleaning their house, and vacation by traveling to less expensive locations like Spain. My lifestyle looks opulent compared to theirs and almost embarrassing when they ask me questions about it.
It’s also anecdotal but my European friends appear to have a lot less flexibility at work. I get the impression it’s much more clock in/out mentality and the need to meet every rule, but not a common sense approach to work.
A lot of the advantages they have you could also apply here. You could live in a 1,100 square foot home and commute to work via bus or bike. You could shop at farmers markets and buy less stuff. Here you have the choice.
You have no idea what you’re talking about. I am European who grew up there and whose sister still lives in Italy. My sister and her husband work and make a lot less than I do, but they take a couple of vacations every year, have a house, two cars. They also have an amazing health system, much better food, they come home for a couple of hours every day for lunch, spend a lot more time with their child.
No, they don’t hire someone to clean their house, or to mow their lawn, but it’s hardly a justification for the hamper wheel we have here. I lived and worked in both, you make more money here but at a great cost.
Also lived in Western Europe (and at one point Eastern). Agree with this sentiment completely.
The capitalist mindset is very focused on false “choice,” IMHO. And it’s not made anyone any happier or healthier in this country.
But downside they are stealing from their children and grandchildren to fund the lifestyle. Meaning my old boss in Germany with Free Healthcare, a great pension from Work, beach house, an amazing rent controlled house has great cash flow but nearly all his assets die with him.
The Pension stops, rent control apt stops, his beach house is actually a family house owned by MIL which is communal so cant pass to his kid. He only had one kid.
In the US He would own at time of death, his own primary home mortgage free, his beach house mortgage free, had a large amount of 401k/IRA/Savings Account money save due to higher income. Maybe 2-4 cars or boat. The US is focused on Assets. Plus in Europe next to US the percentage of people who own stocks and real estate is way less. The 16 years has been a massive run up in Real Estate and Stock Prices. My relatives in Europe for instance missed the boat on that as well did a lot of my older european co-workers.
A plan old mid level VP in a Bank in US in DC area is retiring at 65 with two million in 401k/IRAs and a 1.5 million dollar home paid off. That's before any other savings. That 3.5 million would be shocking to a European for a bank VP to have. And if that bank VP dropped dead day one of retirement his wife and kids get it. My old boss with his rental and defined pension lives the high life but he is really passing on nothing much to next generation.
So we should all work like machines to plan for our deaths?
yes in fact. My parents did, they worked like dogs in Europe to get to the USA to have a better life for their kids. They would have been better off staying in long run for themselves. But they got here separately, met and raised 4 kids who all have grad degrees, who all got married, had kids and all bought houses and putting all the kids through college. I am only first generation American but I expect by time my kids have kids they will be summering in Hamptons, Skiing in Aspen, Going to Ivy League schools. Maybe be President of the United States or win American Idol or cure cancer who knows. But if my parents never left their country and met there and had us four kids would have set us back several generations.
Which of the 50+ countries did they come from? That makes a huge difference on whether or not they would have been better off.
Well I live in a two million dollar home and have a beach house and new cars in the driveway. Highly doubt my homeless 6th grade educated parents could have got me very far had they stayed in Europe. I say homeless as one was one of eight the other was one of five. Only the oldest son inherits house and rest must get out. My Mom got kicked out of home at 12. My Dad at 14. In the US got HS degrees at night, bought a house, raised four kids how is that possible in Europe it is not.
Instead they get cheap medical, can go on the dole I guess and sit in a pub drinking pints and smoking and dying young like all my uncles did.
It’s commendable that your parents and family have done so well in the US. But do you understand that not everybody wants to summer in the Hamptons or ski in Aspen? The fact that some people may be happier with less material wealth does not negate the fact that you are very happy with what you have. In fact, there are probably people on both sides of the Atlantic who would be happier if they could swap lives with each other. Nothing wrong with that.
It is irrelevant parents happiness once you marry and have kids. Don't marry or have kids if you want to lay around all day and relax. My one uncle was a lazy bone and he just raised very bitter kids who had to pay their own way through college, left them a near worthless run down shack upon death. He should have not had kids. He put his kids behind a generation or two. My other Uncle worked hard once he had kids, sent them to Law School, Medical School etc set them up for success in life. He was buying stocks and reading Wall Street Journal back in 1960s and 1970s while my other uncle was laying on sofa.
Watch the show Sirens btw and it boils down in life the only thing that matters is will your kids be at your deathbed and did you set your kids and grandkids up for success in life. Nothing else matters. Most of my European relatives have not done that. They are more interested in having a small amount of kids and retiring earlier and could care less about paying for college, buying the kid a car, paying for wedding, leaving an inheritance. Sets kids up for a harder life just so Daddy can drink beers in the pub every night.
I am 100% sure you have no European relatives.
Signed,
An actual European
Funny I was on a flight to Europe last year and lady next to me was from Europe on vacation in US. She lived near where some of my first relatives lives She then made a snotty remark you Americans always think cause your family immigrated from Europe years ago that somehow we might know your relatives. I then said well I have 30 first cousins who live near your and 16 Uncles and Aunts. She then went damm I only have 5 first cousins. I have been to Europe 12 times and going in two week. I have worked for European companies around 15 years of career in the US. It is boring over there.
What is this weird insistence with always saying Europe? Surely you must know that there is a world of difference between Norway and Albania. Why act like Europe is a monolith, as if it's the US with a bunch of states?
Europeans do the same thing. If you are on vacation in Europe they call you American rather than a New Yorker or from DC. They lump our 3,000 miles into one category. It is only 1,800 miles from London to Moscow yet 2,700 miles from DC to LA. I live five minutes from Beltway and in conversation the Europeans at work were shocked I could leave my house in my car and be on a non-stop highway and drive 2,700 miles without out a red light or a stop sign all highway . And still be in same country. The length of Ireland is only 302 miles in total. I used to drop my kid off at college 400 miles away. That is a distance that would be crazy in the minds of an Irish Person
Because America is a country. The United States. No German expects you to call them Bavarian or whatever. They can rightfully expect you to call them American. Can you not see the difference? Europe has 50 some countries. The US IS a country.
At least you called us Americans. There’s a big movement to make it so we can’t call ourselves Americans. In South America they consider both north and South America to be one continent and they call themselves Americans. Not sure what we’re supposed to call ourselves- United Statesers?
People are using Europe because there are a lot of similarities with EU countries. Obviously we all realize they are separate countries.
I think the top 10% of Americans are better off in the US, but lower and middle class lifestyle is better in Europe.
This post reminded me of this article in the WSJ I read a few weeks ago about how the tech industry is so small in Europe because of risk-averse business culture and complex regulations.
Anonymous wrote:Work isn’t the most important thing in life. If you don’t know that now, you’ll likely realize it on your deathbed.
+1.
European work culture has it right.
Not if you want to actually earn money.
Incorrect. My entire family is in Europe and they make really good money. My H works for an international company and the European are getting paid very well. Americans are buried in debt, the net worth here is actually pretty low.
Exactly. Most Americans have been sold this BS that you have to hustle non-stop in order to make money because that's the only thing that matters in life. Europeans in general have a much better sense of balance and their lives on average are much better than those living in 4000 sq ft houses in the US
If you say so. I personally don’t want to work 5 fewer hours a week so I can cram my entire family into a tiny house. Make fun of large American homes all you want, but they are way more comfortable, and pretty much every European would buy a larger home if they could afford it.
But ask them if they'd give up their work life balance for that bigger paycheck and house, and most would say no. Look at the happiest countries in the world. US doesn't even break the T20. Countries with generous leave make the Top20.
Eh those studies are biased and heavily dependent on how people consider happiness and what their standard is.
so, Americans have more sh&+ but they are still unhappy, work too much, and complain a lot compared to those other countries. Got it.
Don't forget fat. And all that sh* is poor quality. Working 10 hours, commuting 2 more so you can buy polyester at Macy's and overpriced diabetes medication. Don't get me started on the quality of the housing.
Have you even known any Europeans personally? Because I have and I don’t get the impression their lifestyle is much, if at all, better. I’ll give you they eat healthier food and there are fewer overweight people, but I myself am not friends with anyone who is grossly overweight and most people I know eat a healthy diet.
My European friends struggle with the same things as Americans and appear to have a lot less disposable income. What stands out the most is that two white collar professionals have a very limited income that doesn’t allow for outsourcing of any kind. So while they may have an extra 2 weeks of vacation than I do, they can’t afford to go out to dinner as a family, spend their extra time cleaning their house, and vacation by traveling to less expensive locations like Spain. My lifestyle looks opulent compared to theirs and almost embarrassing when they ask me questions about it.
It’s also anecdotal but my European friends appear to have a lot less flexibility at work. I get the impression it’s much more clock in/out mentality and the need to meet every rule, but not a common sense approach to work.
A lot of the advantages they have you could also apply here. You could live in a 1,100 square foot home and commute to work via bus or bike. You could shop at farmers markets and buy less stuff. Here you have the choice.
You have no idea what you’re talking about. I am European who grew up there and whose sister still lives in Italy. My sister and her husband work and make a lot less than I do, but they take a couple of vacations every year, have a house, two cars. They also have an amazing health system, much better food, they come home for a couple of hours every day for lunch, spend a lot more time with their child.
No, they don’t hire someone to clean their house, or to mow their lawn, but it’s hardly a justification for the hamper wheel we have here. I lived and worked in both, you make more money here but at a great cost.
Also lived in Western Europe (and at one point Eastern). Agree with this sentiment completely.
The capitalist mindset is very focused on false “choice,” IMHO. And it’s not made anyone any happier or healthier in this country.
But downside they are stealing from their children and grandchildren to fund the lifestyle. Meaning my old boss in Germany with Free Healthcare, a great pension from Work, beach house, an amazing rent controlled house has great cash flow but nearly all his assets die with him.
The Pension stops, rent control apt stops, his beach house is actually a family house owned by MIL which is communal so cant pass to his kid. He only had one kid.
In the US He would own at time of death, his own primary home mortgage free, his beach house mortgage free, had a large amount of 401k/IRA/Savings Account money save due to higher income. Maybe 2-4 cars or boat. The US is focused on Assets. Plus in Europe next to US the percentage of people who own stocks and real estate is way less. The 16 years has been a massive run up in Real Estate and Stock Prices. My relatives in Europe for instance missed the boat on that as well did a lot of my older european co-workers.
A plan old mid level VP in a Bank in US in DC area is retiring at 65 with two million in 401k/IRAs and a 1.5 million dollar home paid off. That's before any other savings. That 3.5 million would be shocking to a European for a bank VP to have. And if that bank VP dropped dead day one of retirement his wife and kids get it. My old boss with his rental and defined pension lives the high life but he is really passing on nothing much to next generation.
So we should all work like machines to plan for our deaths?
yes in fact. My parents did, they worked like dogs in Europe to get to the USA to have a better life for their kids. They would have been better off staying in long run for themselves. But they got here separately, met and raised 4 kids who all have grad degrees, who all got married, had kids and all bought houses and putting all the kids through college. I am only first generation American but I expect by time my kids have kids they will be summering in Hamptons, Skiing in Aspen, Going to Ivy League schools. Maybe be President of the United States or win American Idol or cure cancer who knows. But if my parents never left their country and met there and had us four kids would have set us back several generations.
Which of the 50+ countries did they come from? That makes a huge difference on whether or not they would have been better off.
Well I live in a two million dollar home and have a beach house and new cars in the driveway. Highly doubt my homeless 6th grade educated parents could have got me very far had they stayed in Europe. I say homeless as one was one of eight the other was one of five. Only the oldest son inherits house and rest must get out. My Mom got kicked out of home at 12. My Dad at 14. In the US got HS degrees at night, bought a house, raised four kids how is that possible in Europe it is not.
Instead they get cheap medical, can go on the dole I guess and sit in a pub drinking pints and smoking and dying young like all my uncles did.
It’s commendable that your parents and family have done so well in the US. But do you understand that not everybody wants to summer in the Hamptons or ski in Aspen? The fact that some people may be happier with less material wealth does not negate the fact that you are very happy with what you have. In fact, there are probably people on both sides of the Atlantic who would be happier if they could swap lives with each other. Nothing wrong with that.
It is irrelevant parents happiness once you marry and have kids. Don't marry or have kids if you want to lay around all day and relax. My one uncle was a lazy bone and he just raised very bitter kids who had to pay their own way through college, left them a near worthless run down shack upon death. He should have not had kids. He put his kids behind a generation or two. My other Uncle worked hard once he had kids, sent them to Law School, Medical School etc set them up for success in life. He was buying stocks and reading Wall Street Journal back in 1960s and 1970s while my other uncle was laying on sofa.
Watch the show Sirens btw and it boils down in life the only thing that matters is will your kids be at your deathbed and did you set your kids and grandkids up for success in life. Nothing else matters. Most of my European relatives have not done that. They are more interested in having a small amount of kids and retiring earlier and could care less about paying for college, buying the kid a car, paying for wedding, leaving an inheritance. Sets kids up for a harder life just so Daddy can drink beers in the pub every night.
I am 100% sure you have no European relatives.
Signed,
An actual European
Funny I was on a flight to Europe last year and lady next to me was from Europe on vacation in US. She lived near where some of my first relatives lives She then made a snotty remark you Americans always think cause your family immigrated from Europe years ago that somehow we might know your relatives. I then said well I have 30 first cousins who live near your and 16 Uncles and Aunts. She then went damm I only have 5 first cousins. I have been to Europe 12 times and going in two week. I have worked for European companies around 15 years of career in the US. It is boring over there.
What is this weird insistence with always saying Europe? Surely you must know that there is a world of difference between Norway and Albania. Why act like Europe is a monolith, as if it's the US with a bunch of states?
Europeans do the same thing. If you are on vacation in Europe they call you American rather than a New Yorker or from DC. They lump our 3,000 miles into one category. It is only 1,800 miles from London to Moscow yet 2,700 miles from DC to LA. I live five minutes from Beltway and in conversation the Europeans at work were shocked I could leave my house in my car and be on a non-stop highway and drive 2,700 miles without out a red light or a stop sign all highway . And still be in same country. The length of Ireland is only 302 miles in total. I used to drop my kid off at college 400 miles away. That is a distance that would be crazy in the minds of an Irish Person
Because America is a country. The United States. No German expects you to call them Bavarian or whatever. They can rightfully expect you to call them American. Can you not see the difference? Europe has 50 some countries. The US IS a country.
At least you called us Americans. There’s a big movement to make it so we can’t call ourselves Americans. In South America they consider both north and South America to be one continent and they call themselves Americans. Not sure what we’re supposed to call ourselves- United Statesers?
People are using Europe because there are a lot of similarities with EU countries. Obviously we all realize they are separate countries.
Yes, it’s a big movement called “geographic accuracy”.
This is the USA. We are US citizens or residents. The land mass known as “America” extends beyond the borders of the USA. The USA also extends beyond the land mass that is “America”! Mind-blowing, I know.
I mean, call yourself what you want—it’s a free country, for now—but you sound like an absolute nincompoop clutching your pearls about this.
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