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13
votes
1answer
563 views

Are Americans less prosperous and less educated than their parents for the first time?

In the movie Inside Job, Matt Damon makes the following claim: For the first time in history, average Americans have less education and are less prosperous than their parents. Is that true? What ...
21
votes
1answer
2k views

Are all the citizens of UAE very rich?

There is a widespread belief that all the citizens of the UAE are very rich. In particular, a person I know who grew up in UAE suggested that "Pretty much every citizen has a Bentley" is literally ...
6
votes
2answers
732 views

Would the United States lose its title as the richest country if we exclude top 5% wealth holders?

I read this claim in Quora: The "richest" country in the world (the u.s.) would assuredly lose that place if you excluded just the top 5% of wealth holders Is this claim true? Is there any ...
14
votes
7answers
890 views

Can a society become unhappier with an increase in wealth?

People like to claim that less developed countries are happier, because they live the simple life and stronger family ties. We've all heard the saying: Money can't buy you happiness. Which is ...