What America's Average Take-Home Pay Looks Like Compared to Other Countries

iStock
iStock

When you look at how much money people make around the world, salaries can only show part of the picture. In practically every country, workers give up a chunk of their paycheck to the government. So after taxes, which citizens get to hold onto the biggest slice of their pie? These graphics from the company relocation program CapRelo lay it out, analyzing what people making the average wage in a number of countries can expect to pay in taxes each year.

CapRelo

The countries with the highest tax rates in the world can all be found in Europe. In Belgium, workers give up 45 percent of the average wage, while in Sweden, they pay 52 percent, and in Denmark, they pay 56 percent. But not every nation on the continent follows this trend. In Switzerland, employees making the average wage pay just 2 percent in taxes, one of the lowest rates in the world. The only citizens that pay less are in India and Saudi Arabia, where the tax rates are 0 percent.

Lower taxes don't necessarily equal bigger paychecks. Though Denmark pays the most taxes, the average take-home salary ($28,227) is still higher than it is in Saudi Arabia ($21,720) and India ($1,670). But workers in Switzerland enjoy the biggest wages after taxes by far, with an average take-home salary of $84,006. The runner-up is the U.S., with an average take-home salary of $52,344.

CapRelo

Of course, these figures don't take the cost of living into account. Citizens paying less in taxes are often forced to spend that money on benefits they would receive from the government in other countries. In Switzerland, for example, you have to pay to drive on motorways, while in the U.S., most highways are maintained using government funds. Meanwhile, the U.S. is one of the few developed nations that doesn't offer universal healthcare. And while Swedes may pay a lot in taxes, thanks to generous government subsidies, they also pay some of the world's lowest rates for childcare. So make sure you consider all the factors before picking a new place to live based on tax rate.

[h/t CapRelo]

14 Retro Gifts for Millennials

Ravi Palwe, Unsplash
Ravi Palwe, Unsplash

Millennials were born between 1981 and 1996, which means the pop culture they grew up with is officially retro. No matter what generation you belong to, consider these gifts when shopping for the Millennials in your life this holiday season.

1. Reptar Funko Pop!; $29

Amazon

This vinyl Reptar figurine from Funko is as cool as anything you’d find in the rugrats’ toy box. The monster dinosaur has been redesigned in classic Pop! style, making it a perfect desk or shelf accessory for the grown-up Nickelodeon fan. It also glows in the dark, which should appeal to anyone’s inner child.

Buy it: Amazon

2. Dragon Ball Z Slippers; $20

Hot Topic

You don’t need to change out of your pajamas to feel like a Super Saiyan. These slippers are emblazoned with the same kanji Goku wears on his gi in Dragon Ball Z: one for training under King Kai and one for training with Master Roshi. And with a soft sherpa lining, the footwear feels as good as it looks.

Buy it: Hot Topic

3. The Pokémon Cookbook; $15

Hop Topic

What do you eat after a long day of training and catching Pokémon? Any dish in The Pokémon Cookbook is a great option. This book features more than 35 recipes inspired by creatures from the Pokémon franchise, including Poké Ball sushi rolls and mashed Meowth potatoes.

Buy it: Hot Topic

4. Lisa Frank Activity Book; $5

Urban Outfitters

Millennials will never be too old for Lisa Frank, especially when the artist’s playful designs come in a relaxing activity book. Watercolor brings the rainbow characters in this collection to life. Just gather some painting supplies and put on a podcast for a relaxing, nostalgia-fueled afternoon.

Buy it: Urban Outfitters

5. Shoebox Tape Recorder with USB; $28

Amazon

The days of recording mix tapes don’t have to be over. This device looks and functions just like tape recorders from the pre-smartphone era. And with a USB port as well as a line-in jack and built-in mic, users can easily import their digital music collection onto retro cassette tapes.

Buy it: Amazon

6. Days of the Week Scrunchie Set; $12

Urban Outfitters

Millennials can be upset that a trend from their youth is old enough to be cool again, or they can embrace it. This scrunchie set is for anyone happy to see the return of the hair accessory. The soft knit ponytail holders come in a set of five—one for each day of the school (or work) week.

Buy it: Urban Outfitters

7. D&D Graphic T-shirt; $38-$48

80s Tees

The perfect gift for the Dungeon Master in your life, this graphic tee is modeled after the cover of the classic Dungeons & Dragons rule book. It’s available in sizes small through 3XL.

Buy it: 80s Tees

8. Chuck E. Cheese T-shirt; $36-$58

80s Tees

Few Millennials survived childhood without experiencing at least one birthday party at Chuck E. Cheese. This retro T-shirt sports the brand’s original name: Chuck E. Cheese’s Pizza Time Theatre. It may be the next-best gift for a Chuck E. Cheese fan behind a decommissioned animatronic.

Buy it: 80s Tees

9. The Nightmare Before Christmas Picnic Blanket Bag; $40

Shop Disney

Fans of Tim Burton’s The Nightmare Before Christmas will recognize the iconic scene on the front of this messenger bag. Unfold it and the bag becomes a blanket fit for a moonlit picnic among the pumpkins. The bottom side is waterproof and the top layer is made of soft fleece.

Buy it: Shop Disney

10. Toy Story Alien Socks; $15

Shop Disney

You don’t need to be skilled at the claw machine to take home a pair of these socks. Decorated with the aliens from Toy Story, they’re made from soft-knit fabric and are big enough to fit adult feet.

Buy it: Shop Disney

11. Goosebumps Board Game; $24

Amazon

Fans that read every book in R.L. Stine’s series growing up can now play the Goosebumps board game. In this game, based on the Goosebumps movie, players take on the role of their favorite monster from the series and race to the typewriter at the end of the trail of manuscripts.

Buy it: Amazon

12. Tamagotchi Mini; $19

Amazon

If you know someone who killed their Tamagotchi in the '90s, give them another chance to show off their digital pet-care skills. This Tamagotchi is a smaller, simplified version of the original game. It doubles as a keychain, so owners have no excuse to forget to feed their pet.

Buy it: Amazon

13. SNES Classic; $275

Amazon

The SNES Classic is much easier to find now than when it first came out, and it's still just as entertaining for retro video game fans. This mini console comes preloaded with 21 Nintendo games, including Super Mario Kart and Street Fighter II.

Buy it: Amazon

14. Planters Cheez Balls; $24

Amazon

Planters revived its Cheez Balls in 2018 after pulling them from shelves nearly a decade earlier. To Millennials unaware of that fact, this gift could be their dream come true. The throwback snack even comes in the classic canister fans remember.

Buy it: Amazon

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Here's How Much Money You Need to Earn in Each State to Afford a Home

The keys to your own kingdom.
The keys to your own kingdom.
PhotoMIX Company, Pexels

By this point, it’s well-known that American Millennials are much slower to buy homes than Baby Boomers were at their ages. While certain cultural changes have contributed to this trend—people are waiting longer to get married and have children, for example—the most common reasons to continue renting ad infinitum are financial. In other words, it’s especially hard to afford a house these days. That said, residents of some states have it easier than others.

According to a study by The Cost Guys, West Virginians only need to make $26,393 a year to become homeowners—the lowest of any U.S. state. In general, Appalachia, the Midwest, and the South are good places to live if you have your heart set on pocketing keys to your own tiny kingdom; in Alabama, Arkansas, Kentucky, Mississippi, and Oklahoma, you can feasibly afford a home on an annual salary below $40,000.

The West is expensive.The Cost Guys

If you live in Hawaii, on the other hand, you might end up renting for the long run; that is, unless you earn $152,676 per year (or more). Parts of the continental U.S. put up similarly high stats: Californians need to earn at least $136,600 to set up shop, and inhabitants of Colorado, Washington, New Jersey, Massachusetts, and Washington, D.C. all need more than $100,000.

To come up with these figures, The Cost Guys worked off the widespread assumption that about 30 percent of your annual earnings will go toward your home—which includes mortgage, insurance, property tax, and down payment—and used median real estate values from Zillow to calculate how much that percentage would amount to.

If you’re feeling discouraged by the high price tags on homeownership, it’s worth noting that there’s plenty of room for variation. Maybe you find a home listed for much less than your state’s median value, or maybe you can negotiate a deal for a much smaller down payment than 10 percent (which is what The Cost Guys used for their analysis). There’s also the possibility that you’re able to budget a little more than 30 percent of your income toward housing costs.

You can explore more detailed info and data here.