How Rich the U.S. Is Compared to the Rest of the World, Visualized

iStock
iStock

The U.S. is often called the richest country in the world. But how rich is it, really? A new infographic from How Much, spotted by Digg, explores the average household income across the 36 countries in the Organization for Economic Co-operation and Development (OECD). As you can see in the graphic below, the U.S. is, on average, quite rich compared to most other countries.

The infographic explores finances on two different levels. The size of each bubble corresponds to household wealth: in other words, assets minus debts. That means it takes into account savings, stocks, and other financial assets as well as loans. (It doesn't include property holdings due to a lack of data, so it doesn't encompass the big boost of wealth that comes from say, owning a penthouse overlooking Central Park in New York City.) As you can see, the U.S.'s bubble is a pretty big outlier. On average, U.S. families have a net worth of $176,100, compared to just $128,400 in the second-wealthiest country on the map, Switzerland.

Colored bubbles represent household income and wealth across the OCED
How Much

The colors of the bubbles correspond to "household net adjusted disposable income," as the OECD refers to it, which has to do with the money you bring in each year rather than what you own. That takes into account salary, income from things like stock dividends and rental properties, and government benefits (like Social Security, unemployment, food stamps, or housing subsidies). It also takes into account what each household pays in taxes, providing a snapshot of the take-home pay people actually have available to spend, rather than their pre-tax salary.

The U.S. has relatively high salaries, at $44,000 a year (the top of the scale) in disposable income. Only Switzerland, Luxembourg, and Norway have disposable income levels greater than $35,000. Mexico falls at the bottom of the scale, with average adjusted disposable incomes of less than $15,000. Most of Western Europe falls within the $25,100 to $30,000 range, while income in Eastern Europe, Israel, South Korea, and New Zealand is a little lower.

There could be a lot going on behind this data, though. The U.S. has an increasingly stratified economic system, so while the averages seem fairly high, that's probably because the few billionaires among us are skewing the numbers. The U.S. also doesn't have the social safety net offered by governments in much of the rest of the world, meaning that while we have relatively high salaries and pay lower taxes in some cases, we have to pay for things like healthcare and retirement on our own.

Read more about the OECD numbers here.

[h/t Digg]

The 20 Best States to Retire in 2020

Robert Clay Reed/iStock via Getty Images
Robert Clay Reed/iStock via Getty Images

Spending your workdays dreaming of retirement? It’s the ultimate goal of any longtime office-dweller, but figuring out when you’re ready to finally take the plunge is one of many questions aspiring retirees need to ask themselves before quitting the 9-to-5 grind for good. Determining where to retire is equally important, as you’ll need to think not just about affordability, but quality of life and health care as well.

Personal finance website WalletHub crunched the numbers on all 50 states to come up with an official ranking on the best (and worst) states to retire. Their experts looked at 47 different factors and enlisted the help of a panel of experts.

Ultimately, it turns out that the idea of retiring to Florida is still very much alive. The Sunshine State took the top spot in the poll, largely because of its affordability (it came in second in that category overall, with only Alabama besting it). But spending your golden years on a beach somewhere doesn’t seem to be for everyone; while Colorado and New Hampshire certainly have their warm-weather seasons, they also accumulate plenty of snow each year—which didn’t seem to matter as they clinched the second and third positions on the list, respectively. Here are the 20 best states to retire:

  1. Florida
  2. Colorado
  3. New Hampshire
  4. Utah
  5. Wyoming
  6. Delaware
  7. Virginia
  8. Wisconsin
  9. Idaho
  10. Iowa
  11. South Dakota
  12. Montana
  13. Pennsylvania
  14. Massachusetts
  15. Ohio
  16. Minnesota
  17. Texas
  18. South Carolina
  19. North Dakota
  20. Missouri

The news was far less happy for Kentucky, which claimed the last spot on the list (followed closely by New Mexico, Rhode Island, New Jersey, and West Virginia).

You can view an interactive version of the map below, and visit WalletHub to see more detailed information on each state’s ranking.

Source: WalletHub

Handy Chart Tells You When It's Too Cold to Walk Your Dog

iStock
iStock

Dogs have built-in fur coats, but they still get cold during their winter walks. Even if Fido isn’t hiding whenever you pull out the leash, you should still determine your dog’s tolerance for snowy romps, judging from this infographic spotted by Lifehacker, which is based on factors like size and breed (and not just enthusiasm for eating snow).

Infographic of the Tufts Animal Condition and Care (TACC) system, created by  Dr. Kim Smyth, a staff veterinarian with pet insurance company Petplan,
Petplan

Created by Dr. Kim Smyth, a staff veterinarian with pet insurance company Petplan, the chart is modeled after a scale developed by Tufts University that determines how canines respond to weather conditions depending on their builds. Before taking your four-legged friend outside, always check the temperature first (including wind chill), then reference the chart to gauge whether your dog can safely withstand the elements.

Small- to medium-sized dogs face cold-weather risks like hypothermia and frostbite when temperatures dip to 40°F. Larger dogs can tough it out for a little longer, but all pet owners should exercise caution and keep walks brief once the thermometer reaches 30°F. Canine accessories like sweaters or booties can safely prolong emergency bathroom strolls. Tiny pet shoes also protect vulnerable paws from sidewalk chemicals like antifreeze, according to NPR.

That said, no two canines—nor their fluff—are exactly alike. Dogs who are conditioned for the cold, or ones with heavy coats, fare better than older dogs or those with health conditions. Tiny, short-haired dogs may struggle too. Shivering is the first sign of hypothermia, Smyth told WBUR in an interview, so if you see your pups trembling, "you want to get these dogs inside, wrap them up in a warm towel or blanket, and get them to the vet if you need to," she says.

[h/t Lifehacker]

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