Which of the following nations has the highest average household income (including government benefits like healthcare, housing, and food) minus taxes?
In 2015, the United States ranked first among 32 developed nations in average household income minus taxes. This measure is called "gross adjusted disposable income," and it is a key measure of a nation's standard of living. Per the Organization for Economic Cooperation and Development: "Disposable income, as a concept, is closer to the idea of income as generally understood in economics, than is either national income or gross domestic product." This is because it accounts for all forms of income from the private sector and government, including non-cash income like healthcare benefits, housing, and food. Importantly, it also subtracts out taxes, since households cannot use income that governments have taken from them. In 2015, the average gross adjusted disposable income in the U.S. was 50% higher than in Sweden and 53% higher than in Denmark.