Brits Richer Than Yanks for First Time in 100 Years

Britons earn more than Americans for first time in over 100 years
By Caroline Zimmerman,  Newser Staff
Posted Jan 7, 2008 2:00 PM CST

(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.

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"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. (Read more currency stories.)

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