54% of Americans say they are dissatisfied with their pay because they do not earn enough to pay their bills, highlighting the struggle to keep up with cost-of-living increases.
76.78% of Chinese respondents believe China is very secure or relatively secure, while 69.8% feel the world is less secure than it was five years ago, indicating a contrast between domestic and global perceptions of security.
81.71% of Chinese respondents have a neutral or favorable attitude towards ordinary Americans, while 81.4% express unfavorable views toward the U.S. government, showing a distinction between views on the government and its citizens.
The top 1% of Americans control about 30% of the nation's wealth, while the bottom 50% own only 2%, illustrating severe income inequality in the U.S.
China has improved access to healthcare and education in rural areas, removed agricultural land taxes, eliminated fees for compulsory education, and introduced social safety nets like old-age pensions to reduce income disparities.
Most Chinese citizens own their homes outright, often inherited or built on family land, while in the U.S., 50% of real estate equity is owned by banks, and many Americans do not own homes or have mortgages.
About half of Americans have outstanding credit card debt, often paying 10-15% interest, which traps them in a cycle of paying mostly interest rather than reducing the principal, making it difficult to escape debt.
China's education system, including free compulsory education and the highly regulated college entrance exam (Gaokao), allows individuals from lower socioeconomic backgrounds to climb the social ladder based on merit.
College tuition in the U.S. has increased by 280% from 2000 to 2024, leading to $2 trillion in student loan debt, with some students paying up to 7% interest, making it difficult to escape financial burdens.
The Chinese government actively implements policies to reduce income inequality and improve welfare, such as healthcare, education, and pensions, while the U.S. struggles with homelessness and lack of affordable housing, reflecting differing priorities in social welfare.
According to Pew Research, Most Americans Feel Good about their Job Security but not their Pay, we take a look from at American Finances from China. Are Chinese workers really better off? We dig deep into the truth on the ground. Hosted on Acast. See acast.com/privacy) for more information.