The high standard of living of the population of the European Union is under threat because of low labor productivity, which is particularly noticeable against the background of American indicators , indicates ag. Bloomberg.
Residents of most EU countries, including Germany, Italy and France, work fewer hours on average per year than US residents. This affects the incomes of Europeans. According to the World Bank (WB), as early as 2022, GDP per capita in the US was 28% higher than in the EU and the UK. It is noted that since the EU leadership will also be forced to deal with the problem of a shrinking working-age population, EU countries may not be able to maintain social security and state pension systems.< /p>
Europeans themselves rate their level of well-being highly. According to Eurobarometer surveys from March 2024, the vast majority of Europeans (82%) think that the quality of life in their region is good.