Britons are spending more than Americans for smaller homes and it’s making those in the UK worse off than their peers across the Atlantic, influential think tank the Social Market Foundation claims.
In a new report looking at the difference in wealth between the UK and US, the SMF noted that consumption in the US is around 30% higher than in the UK after cost-of-living differences between the countries are accounted for. Much of this difference is in healthcare and transportation, two areas where the SMF said it was not clear whether America’s greater consumption is actually leading to better outcomes.
