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July 25, 2008 9:47:19 PM CDT

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Brits Richer Than Yanks for First Time in 100 Years

Posted Jan 7, 08 2:00 PM CST in US,  Business,  World 

(Newser) – Britons are making more per capita than Americans for the first time since the 19th century, a new GDP report finds. Brits are earning $46,323 a year on average, $500 more than their US counterparts, according to Oxford Economics. The Yanks are still ahead when it comes to purchasing power because goods and services are more affordable in the US.

"The UK has been catching up steadily to living standards in the US since 2001, so it is a well-established trend rather than simply the result of currency fluctuations," one analyst tells the BBC. The UK's living standards are also higher than those of its neighbors. "No longer are we the 'sick man' of Europe," he said.

Source BBC

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Recent study reports that the average British citizen will have a greater annual income than an average U.S. citizen.
Recent study reports that the average British citizen will have a greater annual income than a U.S. citizen.   (Shutterstock)
Analyst Oxford Economics claims that the average UK citizen will make more money than the average U.S. citizen for the first time since the 19th century.   (Shutterstock )
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Great Britain  • currency  • GDP


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